The Yorkshire Post has reported that Greyfriars is to be acquired by QV Foods of Holbeach, Lincolnshire, in a deal to be completed in the nEw Year.
Greyfriars chairman, John Smith is quoted: “Greyfriars has always been an ambitious company. “Since its incorporation 25 years ago it has seen its annual turnover rise from £400,000 to more than £14m with its initial mushroom offer being augmented with a wide variety of other fresh produce lines majoring on garlic, sweetcorn, organics and squashes. Its profit performance has been equally solid. “There are ambitious plans for further growth. However, it is important to recognise the emerging economic realities – particularly as they relate to the scale of investment required to take advantage of our opportunities.” “I felt the time was right for Greyfriars to align itself with a much bigger operation.”
After all the ups and downs of the past year with the planning permission for expansion tortuously making its way through the local planning decisions, this is another unexpected and dynamic development in the Greyfriars story.