The new joint venture will be a standalone business, with Cargill and Faccenda taking an equal shareholding. The NFU was approached by the CMA to comment on the joint venture and collated members' views to inform its response.
Faccenda’s poultry business consists of laying farms, breeder farms, hatcheries, two feed mills, grow-out facilities and six poultry processing facilities employing 3,600 people. Faccenda sources birds from both independently owned and company owned farms and processes just over 2 million chickens per week and 4.5 million turkeys and 5.5 million ducks per year.
The Cargill fresh chicken business consists of laying farms, breeder farms, hatcheries, a feed mill, grow-out facilities and three poultry processing facilities employing 2,500 people. Cargill sources birds from a network of farms, primarily independently owned and processes approximately 2.1 million birds per week.