Browns Food Group, UK, Secures A New £20m Funding Deal

The Browns Food Group is a multi-disciplinary food manufacturing organisation operating throughout the UK. They were established in 1885, and today the group operates from seven different manufacturing sites, where they produce and supply a vast range of high quality cooked meats, ranging from salmon, poultry, pre-sliced and whole joints of cooked meat to convenience foods and a variety of delicatessen items. “Our product development team are continually striving to produce new and exciting goods. Our philosophy is driven by customer satisfaction; listening to each customer to define and fulfill their needs, whilst continuing to achieve the highest quality across our products, outstanding levels of service and competitive prices,” states the Browns Food Group. 

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Browns Food Group has secured a new £20 million funding deal which, according to the group, will “support ongoing strategic growth and investment.” The Kirkconnel-based company, has stated that it will use the new finance package from Bank of Scotland to “invest in product innovation and develop and extend its manufacturing and operational capabilities.” The group said it will be pushing for a much stronger presence in many new export markets. Browns Food Group stated that their investments last year amounted to £5.8 million, most of which was “spent extending its manufacturing site at Kirkconnel to increase capacity.” The group notes turnover for the 2014 year to December rose 4.4 per cent to £151.7 million and pre-tax profits rose 5.7 per cent to £6.96 million. “2014 has been an important year for the business in terms of driving organic growth and integrating the Halls brand further into our portfolio. Although we have experienced market challenges, we have worked with our customers and suppliers to combat the margin pressures, and through better line efficiencies and controls, turnover and operating profit has continued to rise. We are excited to have extended into new markets and this will be a focus for the future,” said Wayne Godfrey, the CEO of Browns Food Group. He also added by saying, “We’ll continue to monitor our exporting program as the demand continues to be felt in international markets. Product innovation is key to our ongoing business strategy and we’ll be looking to put plans into action in the coming year as we aim to achieve further growth both at home and abroad.”