Poundland to create 1,000 roles with acquisition of Fultons Food
National retailer Poundland has today announced its acquisition of a Northern frozen food chain.
Poundland intends to invest more than £25m in Fultons Food, creating up to 1,000 full time and part time roles.
All 800 Fultons colleagues will join Poundland this month with no changes to their terms and conditions.
The company will also be establishing Fultons’ Barnsley base as its National Frozen Distribution Centre and build the infrastructure at its Harlow distribution centre to bring its frozen and chilled food offer to stores across the south of England.
Barry Williams, Poundland’s managing director, commented: “We couldn’t have developed our chilled and frozen ranges without Fultons’ expertise and now is the right time to move to the next level and bring the team on board.
“By combining our experience, we can accelerate our frozen and chilled rollout and bring the amazing value it offers to more of our customers across the UK.”
Fultons’ managing director Karen Rees said: “For the last 12 months we’ve been proud to partner with Poundland, but even prouder that today we become family.
“We already know the Poundland customer loves our frozen and chilled foods offer – and we’re excited to know our people will be able to play a bigger part in Poundland’s transformation story”.
Fultons’ chairman Kevin Gunter added: “After leading the business for 24 years, I’m pleased we’ve been able to agree terms with Poundland who are committed to a renewed period of growth and investment. I’m looking forward to contributing in an advisory role over the next six months”.
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