Lincolnshire-based potato grower Arundel Kerr Produce (AKP Group) has purchased potato trading business Wolds Produce for an undisclosed sum. AKP Group, established in 1999 and now one of the largest potato growers in the UK, had a turnover of £16.3 mln in its last reported financial year to July 2022.
The undisclosed deal is described as building a stronger, more resilient supply chain, supporting the growth of the wider UK industry. It will see expertise, resources and experience combined over a larger regional footprint, bringing the trading of more than 50,000 tons of potatoes to the Elsham Wold firm, while doubling the team to around 46.
North Yorkshire-based potato firm Wolds Produce was launched in 2004, supplying the crisping, chipping and potato seed industries. Richard Arundel, managing director of AKP Group, said the deal would "help growers and partners to minimise risk, reduce their costs and make it happen for UK farming."
Wolds Produce, based in Pocklington, employs 23 people. It will operate independently under the AKP Group, with all employees retaining their roles.
Source: farminguk.com