All latest monthly News, Europe, UK, Ireland, News July 2020, Pressreleases, Retail

Management buyout at Puffin produce

Farmer shareholders at Haverfordwest-based Puffin Produce have relinquished control of the co-operative in a management buyout deal.

The potato, vegetable and flower specialist was majority-owned by its growers in Pembrokeshire but they have sold 50 per cent of their stake in the business to managing director Huw Thomas and finance director Jon Langmead.

Lifecrown Investments, which had a 49 per cent stake in Puffin and has been a partner in the business for over 25 years, acquired the remaining 1 per cent of their shareholding.

Puffin Produce can trace its roots back to the 1970s when it was formed to help farmers market potatoes; it has since built its success on developing robust and sustainable supply chains.

It supplies retailer own-label potatoes, vegetables and daffodils as well as under its own Blas-y-Tir brand.

Rosemarket farmer Richard Hayman, who chairs the company that held the growers’ shares, said the board felt that the time was now right for change.

Source: Western Telegraph

Advertise on Global Potato News

Lukie Pieterse, Editor and Publisher of Potato News Today

Kindly support our Advertisers – they make all of this possible…

Lockwood Mfg

Kiremko Strata Invicta

GRIMME

Tolsma

Agrico

Wyma

Restrain

Parkland

AVR

Kooljet

Volm Companies

Haith

Tomra Food

Greentronics

Receive email notifications when we publish news items on PNT

Please enter your email address below to receive email notifications when new posts are published.

Archive of monthly posts

Follow PNT on Twitter