Associated British Foods has increased its shareholding in Cook Trading, the Kent-based producer of premium frozen ready meals. The move follows ABF’s initial minority investment in 2020, positioning the company to strengthen its footprint in the UK’s growing convenience food market.
The updated shareholding, disclosed in filings with Companies House, shows ABF now holds more than 25% but less than 50% of Cook’s equity. The company remains a minority investor, maintaining Cook’s independent structure under the Perry family’s control.
Cook, founded in 1997, operates from Sittingbourne and produces a wide range of frozen meals and desserts across three kitchens. Its products are sold online, via delivery, and through more than 100 branded retail stores. The business generated £119.7m in turnover for the year ending 31 March 2024, marking a 13.2% year-on-year increase. Operating profit declined to £3.8m, and net profit fell to £1.9m.
The investment aligns with ABF’s wider ambitions in the UK food manufacturing sector. Through its Allied Bakeries division, ABF recently expanded in baked goods with the acquisition of Hovis, owner of Kingsmill and Sunblest.
Cook’s portfolio includes British and international meal varieties, including vegan, vegetarian and free-from options, targeting a premium consumer base seeking quality convenience food.