‘Business as usual’ for Parkam Foods

TAKEOVER: Parkam Foods has been bought out by pork producer Tulip.
TAKEOVER: Parkam Foods has been bought out by pork producer Tulip.

A LIVERSEDGE food manufacturer has been taken over by a firm best known for producing Spam.

Parkam Foods, in Halifax Road, have been bought out by Tulip, purveyors of pork products, in a multi-million pound deal that should secure more than 750 jobs within the group.

No further decision on the future of Parkam is likely to be made until well into the new year.

The Parkam Foods group comprises four companies – Parkam Foods, Tranfoods, Trophy Foods and Freshway – and is one of the UK’s leading producers of cooked meats, sandwiches and sausages.

Parkam also produces an assortment of beef, turkey and chicken products, which were a tantalising way for Tulip to expand its £1bn brand into the premium meats sector.

A spokesman for Tulip said it was ‘business as usual’ for Parkam’s employees.

He said: “The takeover was a recent thing. Tulip is reviewing the Parkam business but there are no plans on the table. We’re still in the early stages.”

Tulip said it was not planning on cutting jobs either at the Liversedge site or at its site in Bradford.

The spokesman added: “This acquisition is a good business fit. Tulip thinks that there can be good links between the businesses but they are still reviewing the situation.”

Tulip is the UK-arm of Danish meat firm Danish Crown, which has sites across the UK. Is is thought the takeover – for an undisclosed sum – will see enlarged Tulip group turn over between £100m-£115m in 2012.