Hilton Food Group has completed the £54m sale of its UK meat supplier, Fairfax Meadow Europe Limited, to Sysco GB as it refines its strategic focus on core operations.
The agreement also includes a three-year supply partnership with Hilton Food Solutions. This will ensure continued access to premium, internationally sourced meat products.
Hilton said the divestment followed a portfolio review and would allow the group to concentrate on areas where it can best apply its global expertise and strengthen customer partnerships.
Chief Executive Steve Murrells expressed gratitude to Fairfax colleagues for their contributions since the 2021 acquisition, adding that the transaction would “reinforce the platform for sustained growth.”
Murrells said: “Fairfax Meadow is a high-quality business, and we have supported its growth and development since 2021.”
“I want to thank all our colleagues at Fairfax for their hard work and commitment and wish the entire team every success for the future as the business continues to grow under new ownership.
“At Hilton Foods, our objective is clear, to build on the strengths that have long defined our business. By refining our portfolio and focusing resources where our global expertise and strong customer partnerships create the greatest opportunities, we are reinforcing the platform for sustained growth and delivering attractive long-term returns.”
Sysco GB Chief Executive Paul Nieduszynski described the deal as “a crucial next step” in enhancing the company’s meat offering, praising Fairfax Meadow as a “great business with a superb reputation for quality and service”.
