10 March 2022 - Wynnstay Group has acquired Hampshire-based poultry feed manufacturer and supplier Humphrey Feeds and associated business Humphrey Pullets for GBP 9.5 million.
Humphrey Feeds & Pullets operates a production facility in Twyford, and a second feed mill in Calne, Wiltshire that is currently not in operation. Humphrey Feeds sold 109,000 tonnes of poultry feed in FY 2021. Wynnstay estimates Humphrey Feeds' share of the UK poultry feed market for free-range laying hens at approximately 5% and its share of the organic poultry feed market at around 30%.
As part of expansion plans, Wynnstay intends to redevelop the empty mill at Calne to create a 185,000 tonne capacity facility, manufacturing both poultry and ruminant feed, with organic certification.
Gareth Davies, CEO of Wynnstay, said: "Humphrey fulfils multiple acquisition criteria for us. It will significantly extend our trading footprint in the South of England, enlarge our market share of poultry feed, a key target sector for us, increase our feed manufacturing capacity, and bring additional farmer customers. Looking further out, with the redevelopment of the Calne manufacturing facility into a ruminant as well as poultry mill, there is scope to drive additional significant long-term trading benefits."
