Jet2.com owner in £98m sell off
and live on Freeview channel 276
Dart sold Fowler Welch to Culina Group Limited for a gross cash consideration of £98.0 million, it told investors today.
Fowler Welch is one of the UK's leading providers of food supply-chain services and serves retailers, processors, growers and importers through its distribution network. In addition, the business has a 50% share in a joint venture fruit ripening and packing business, Integrated Service Solutions, located at its Teynham facility.
Advertisement
Hide AdAdvertisement
Hide AdAs of the end of March Fowler Welch had unaudited net assets of £60.5 million.
A spokesperson said: "The Board believes that the Transaction will enable the Group to focus on its long-term strategy of growing its Leisure Travel business and, importantly, enables Fowler Welch to continue to flourish and grow profitably under new ownership."
Comment Guidelines
National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.