Cranswick Walks Away From Deal Talks With Harringtons Owner
Cranswick has withdrawn from talks to acquire pet food brand Inspired Pet Nutrition, the meat processor said in a brief statement on Thursday, without disclosing any reason.
'Further to its announcement of 16 December 2020, the Board of Cranswick plc today confirms that it has withdrawn from the acquisition process for Inspired Pet Nutrition Limited,' the company said.
Cranswick had confirmed the talks earlier in the week following a Sky News report that said the London-listed company was among the final bidders for the owner of the Harringtons and Wagg brands.
Cranswick, which houses brands like Simply Sausages, Woodall's and Yorkshire Baker, had previously said it intended to raise equity of less than 10% of its share capital to partly finance the deal, if it went through.