September 19, 2014 12:45 PM ET

Food Products

Company Overview of 2 Sisters Food Group Limited

Company Overview

2 Sisters Food Group Limited, a food company, manufactures and supplies chicken products to the retail, food service, and food manufacturing sectors in Europe. It provides breaded and roasted chicken, ready meals, BBQ, component meats, and savory liquids. 2 Sisters Food Group Limited was founded in 1993 and is based in West Bromwich, United Kingdom. It operates manufacturing sites in the United Kingdom, Holland, and Poland. 2 Sisters Food Group Limited operates as a subsidiary of Boparan Holdings Limited.

Dial Lane

Off Richmond Street

West Bromwich,  B70 0EB

United Kingdom

Founded in 1993

Phone:

44 87 0458 9700

Fax:

44 87 0458 9900

Key Executives for 2 Sisters Food Group Limited

Founder and Chief Executive Officer
Group Chief Financial Officer
Head of Communications
Integration Director
Executive Officer
Compensation as of Fiscal Year 2014.

2 Sisters Food Group Limited Key Developments

2 Sisters Food Group Announces Executive Changes

Stephen Leadbeater has been appointed group chief financial officer at 2 Sisters Food Group. Leadbeater has held a number of senior roles in food and drink, including CFO of Findus Group for 10 years. He has also worked at Young's Seafood, United Biscuits and ABF. He replaces Steve Henderson who is taking early retirement after 17 years at Northern Foods and 2 Sisters and was CFO for three years. Leadbeater will work with him until the autumn to ensure a smooth handover.

2 Sisters Food to Lay Off at Coupar Angus Plant

2 Sisters Food is set to reduce its workforce by up to a third at its chicken processing plant in Coupar Angus, Perth and Kinross, Scotland, which currently employs 658 people. About 200 jobs could be made redundant due to falling consumer demand and an oversupply in the chicken market, adding that the plant was making substantial losses. The company has commenced a forty five day consultation, and the layoffs are expected to occur in the new year. In addition to the reduction in workforce, there will be changes to shift patterns and working hours for the remaining staff at the plant.

2 Sister Food Group Announces Earnings Results for the Year Ended July 2013; to Launch 100 New Traditional Meals

2 Sister Food Group announced earnings results for the year ended July 2013. The company reported losses of £33.5 million in the year to the end of July after exceptional items, interest and tax. That compared with profits of £42.5 million a year earlier. Like-for-like sales grew by 5.6% to £2.4 billion. Including acquisitions, total sales rose by 23.3% to £2.9 billion. Profits were eroded by the company purchasing of loss-making chicken, beef and lamb operations from Vion, as well as currency swings and higher prices for ingredients. The group is launching about 100 new traditional meals, ranging from roast beef to chilli con carne, to rebuild the ready meals sector.

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