
Food maker Sofina grows with Finnebrogue deal
A seafood and pork firm has expanded with a takeover.
Sofina Foods has bought burger and sausage maker Finnebrogue.
Bosses say the deal will continue Malton, North Yorkshire-headquartered Sofina’s “journey of ambitious expansion”.
They add the agreement for Northern Ireland-based Finnebrogue takes Sofina Foods’ European footprint beyond 9000 people across 27 sites.
Michael Latifi, founder, chair and chief executive of Sofina Foods, whose seafood division includes the Young’s brand, said: “We have created a global foundation for continued growth, with a history of excellence in food production and processing.
“Both Sofina Foods and Finnebrogue share a common culture of excellence, discipline and integrity, and I look forward to building on the strengths of both companies.”
Roger Burnley, Finnebrogue chair, added: “This great business will continue to flourish as part of the Sofina family.
“The Lynn family, who founded the business 30 years ago, have built an extraordinary legacy, and with Sofina’s stewardship, we look forward to watching Finnebrogue go from strength to strength.”
Sofina Foods’ finance, tax, treasury and legal teams managed the deal with support from PwC, Taylor Wessing, Tughans LLP, Ashurst and Tetra Tech.
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