DAVY VIEW

The acquisition of the Buckle family’s pig farming assets and joint venture interests marks the second upstream acquisition since December and accelerates Cranswick’s UK self-sufficiency rate to over 30%. The acquisition is consistent with Cranswick’s strategy to increase its vertical integration across the supply chain. While not explicitly referenced, the acquisition plays to Cranswick’s capability and opportunity to capitalise on the ongoing African Swine Fever situation in China.