QV Foods acquires second potato business

QV Foods has acquired the Perthshire-based potato packing business Taypack Potatoes.

The Lincolnshire-based fresh produce firm took hold of the reigns on 1 June - a move that marks its second acquisition of a potato business after purchasing MBM Potatoes last year.

QV Foods director Simon Martin said: "For QV, this is an excellent opportunity to establish a base in an important potato-growing area in Scotland.

"The support of the enlarged team and additional facilities will enable QV Scotland to continue to provide an excellent service to existing customers of both businesses, and we look forward to working with our extended Scottish supply base and new customers to enhance our service delivery and create new opportunities together.

"This acquisition represents a significant piece in the British potato supply jigsaw for us and will enhance our service to our customers. It will also benefit the existing QV Foods potato grower base by reinforcing our commitment to supplying the very best potatoes throughout the domestic production season."

He added: "We have seen the way our business was transformed after we purchased MBM Potatoes last year and buying Taypack Potatoes is the next step in pursuing our objective of being the industry leader in British potato supply to all sectors of the market."

Taypack grows 800 acres (324ha) of its own potatoes and has a grower network of 4,000 acres (1,619ha) in the Angus, Perthshire and Fife regions - supplying into its Inchture-based grading and packing facilities.

The firm began reviewing its business structure two years ago when it ended its long-running Asda supply contract in a bid to secure fairer prices for the business and its growers.

Taypack chief executive George Taylor was unavailable for comment as Grower went to press. QV Foods said in a statement that "the opportunity to develop is welcomed by directors of both companies".

QV FOODS

QV Foods is a wholly-owned subsidiary of its parent company, AH Worth - a family business based in Lincolnshire.

QV operates from four purpose-built factories at two sites - one near Holbeach in Lincolnshire, which includes its head office, and another at March in Cambridgeshire.

The acquisition last year of MBM Potatoes enabled QV - a traditional, family-owned packer of fresh potatoes for the multiple retail sector - to expand into the processing and food service sectors.

The QV fresh potato business has grown by 50 per cent since that purchase and a switch in strategic focus has also seen rapid expansion in its processed potato and vegetables business as well as a recent move into pre-packed fruit.

QV has also invested heavily in brands. Masterchef presenter Gregg Wallace is the face of its Inspire brand, which sells 500,000 packs a week in the UK.


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