Paramount Retail Group has acquired DB Food Group, the meat wholesalers with a £122m turnover.
DB Food Group has built a reputation as a trusted supplier of premium meat, recognised for sustainable practices.
To support the acquisition, Paramount Retail Group has established new entity, Paramount Food Group Limited. Paramount Food Group Limited provides the platform for investment, customer retention, operational integration and future expansion aligning with Paramount’s strategic plan to achieve in excess £200m in revenue by the end of 2025.
DB Food Group are set to benefit from Paramount’s extensive operational expertise, investment capabilities, and strategic vision.
Paul Taylor, chairman of Paramount Retail Group, said: “Joining the Paramount portfolio allows DB Food Group to strengthen its offering while staying true to what customers value with the excellent quality and variety of produce available. We’re proud to support the UK food industry from farming to the high street, providing stability for many in the food industry, whilst we continue to back British brands.”
Sunny Sharma, executive director of Paramount Retail Group, added: “DB Food Group is one of the leading meat wholesalers in the UK, championing British farming and ethical supply practices, with over 30 years expertise.
“We’re looking forward to assisting the growth of the company and the new opportunities this partnership unlocks, together. This acquisition reflects our shared vision to build a more transparent and more sustainable future for the food industry in Britain.”