Cranswick in talks to acquire Inspired Pet Nutrition

Hull-based meat processing giant Cranswick Plc has confirmed its “potential acquisition” of Inspired Pet Nutrition Limited, a UK pet food business.

“The board of Cranswick plc notes the recent press speculation with regard to a potential acquisition,” said the firm.

“In line with the company’s stated long-term growth strategy to expand its product offering through further diversification, Cranswick regularly considers acquisition opportunities. 

“The board confirms that it is currently engaged in a process regarding the potential acquisition of Inspired Pet Nutrition Limited, a leading UK pet food business.

“If successful, the group’s current intention is to part-finance the acquisition via an equity placing of less than 10% of issued share capital to investors.

“There can be no certainty at this time that the acquisition will progress.

“The company will make a further announcement if and when appropriate.”

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Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.