DB Foods has announced an exciting new chapter of growth, secured through its recent acquisition by the Paramount Retail Group. This transition marks a pivotal moment for the company and the broader food manufacturing sector.
In conjunction with the acquisition, an investment of £12 million will help drive expansion, enhance services, and fortify the UK meat supply chain.
The funding from Paramount Retail Group will be strategically allocated to bolster DB Foods Group’s production capacity, upgrade technology and infrastructure, and facilitate the delivery of more agile services to its customers.
Moreover, this initiative signifies a substantial advancement in fortifying supply chain resilience throughout the UK meat sector, yielding long-term advantages for producers, retailers, and consumers alike.
Butchers are at the heart of our high streets – they are often family businesses that provide jobs, expertise and a community connection. This acquisition is an investment in the future of food retail in the UK.
Paul Taylor, chairman, Paramount Retail Group.
Over the past 30 years, DB Foods Group has cultivated a £122 million business that significantly supports the British butchery industry, providing direct assistance to 1,000 butchers weekly and employing 240 individuals at its production facilities and headquarters in Poole, UK.
With a diverse portfolio that includes major customers such as Tesco, Aldi, Ocado, Wagamama, Popeyes, and British Airways, this partnership is poised to amplify DB Foods Group’s resources, market reach, and industry positioning, with anticipated revenue growth of £30 million.
Graeme Clapp, commercial director of DB Foods Group, stated: “We have carefully and methodically laid the foundations to make a significant impact in the wider retail sector and were looking for a partner with the expertise and ambition to help us fulfil the potential of our work,” explains Graeme Clapp, Commercial Director of DB Foods.
“This summer, we were excited when the Paramount Retail Group not only took an interest in our company but immediately understood what we wanted to achieve. When they proposed an investment and invitation for DB Foods to join their portfolio of retail businesses, we seized the opportunity.”
Operating across 17 sites in the UK and 2 in Asia, Paramount Retail Group is committed to nurturing and building iconic heritage British brands. With a dedicated workforce of over 750 professionals, collectively, its businesses achieve an annual turnover exceeding £230 million.
