Northants food giant buys flour business for £36m
Carr's, the listed Cumbrian agriculture, food and engineering group, has sold its food division for £36m.
It has sold Carr's Flour Mills to flour milling business Whitworths Holdings, based in Northamptonshire, for £36m gross, or £24.9m after adjustments for working capital and net debt.
Carr's is based in Carlisle, which bore the brunt of the ferocious floods caused by Storm Desmond at the end of last year. Trade in the food division was hit as a major flour customer of its Cumbrian flour mill was flooded.
The company, which wi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
