Showing posts with label Pointer Pet Foods. Show all posts
Showing posts with label Pointer Pet Foods. Show all posts

Thursday, May 12, 2016

News: Rotherham pet food factory to close

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Rotherham-based Pointer Pet Products is being relocated just months after the business was acquired.

The dog treat manufacturing business was acquired by Lincolnshire pet food manufacturer Fold Hill Foods Ltd earlier this year.

Based at Eastwood, Pointer distributes its products to bespoke pet food retailers and supermarkets. Established in 1959, Pointers started producing dog mixer biscuits, but over recent years has expanded the product range to include a wide range of other baked and extruded dog biscuit snacks and complimentary treats.

Fold Hill is a family-run business based in Boston, Lincolnshire that has been making dog food for over 40 years. Diversifying from farming, the company now employs 150 people and has a high-performance bakery that produces 35,000 tonnes of quality pet food per year.

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Having conducted a detailed review into the company's operations in Rotherham, Fold Hill concluded that, for economic reasons, it is not viable to continue manufacturing at the site in Rotherham.

The company said in a statement: "As of the end of May we will be relocating all Pointer operations to our Fold Hill site in Boston. Aside from the change in location, business will remain as usual.

"I look forward to discussing our job opportunities at Fold Hill Foods for those who have expressed an interest in relocating or working at our factory in Lincolnshire. We will endeavour to relocate anybody who wishes to give thought to such an opportunity.

"This is not a decision that we have taken lightly and I would like to take this opportunity to thank all of the staff at Pointer for their hard work and continued efforts so far under our ownership."

Pointer survived going into administration in 2009. The business entered administration following liquidity issues within its then parent company, the Rodi Group, which has operations in Germany and the Netherlands, compounded by the cost of investment in additional production and packaging lines.

Backed by private investors, a new company was formed to take over the Rotherham operations that employed 50 people in 2010. Two years later, US private equity firm, Swander Pace Capital acquired Pointer Pet Products Limited.

Fold Hill Foods website

Images: Pointer Pet Products

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Monday, February 15, 2016

News: Pointer Pet Products acquired

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Rotherham dog treat manufacturing business Pointer Pet Products Ltd has been acquired by Lincolnshire pet food manufacturer Fold Hill Foods Ltd.

Based at Eastwood, Pointer distributes its products to bespoke pet food retailers and supermarkets. Established in 1959, Pointers started producing dog mixer biscuits, but over recent years has expanded the product range to include a wide range of other baked and extruded dog biscuit snacks and complimentary treats.

Fold Hill is a family-run business based in Boston, Lincolnshire that has been making dog food for over 40 years. Originally, Fold Hill was a mixed farm with sheep and cattle grazing alongside fields of vegetables and cereals. An early example of diversification, owner Ted Grant OBE bought a small, second-hand oven started producing dog food on the farm premises. The firm now employs 150 people and has a high-performance bakery that produces 35,000 tonnes of quality pet food per year.

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The acquisition, for an undisclosed sum, comes at a time when Fold Hill Foods Ltd is seeing a rapid expansion in both its well-known Fold Hill and Chewdles range of pet foods, as well as its premium slow-baked Laughing Dog completes, mixer meals and treats.

Brian Allen, general manager at Fold Hill Foods, said: "Once again the Grant family has invested for the future of Fold Hill Foods. Pointer Pet Products Ltd becomes a wholly owned subsidiary of Fold Hill Foods Ltd.

"We are very proud to bring such a well-respected brand into the Fold Hill family and look forward to combining forces with Pointer to drive new developments to bring new baked pet products to market. As one of the few pet food manufacturers now in Britain to make all of its own products, this is a very exciting time for a family run British manufacturer."

The future is looking brighter for Pointer which survived going into administration in 2009. The business entered administration following liquidity issues within its then parent company, the Rodi Group, which has operations in Germany and the Netherlands, compounded by the cost of investment in additional production and packaging lines.

Backed by private investors, a new company was formed to take over the Rotherham operations that employed 50 people in 2010. Two years later, US private equity firm, Swander Pace Capital acquired Pointer Pet Products Limited.

Fold Hill website
Pointer website

Images: Pointer Pet Products

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Thursday, October 28, 2010

News: Pointer Pet Products invest in Rotherham production line

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Pointer Pet Products has invested in a new £100,000 baking line at their Rotherham factory to produce a unique range of healthy treat biscuits for dogs.

The Eastwood company, which was rescued from administration last year, has secured invoice finance backing from Yorkshire Bank's South Yorkshire Financial Solutions Centre (FSC) as part of its Investing for Growth initiative.

Now Pointer Pet Products believes that the new product range, aimed at domestic and overseas markets, will increase sales at the business by ten per cent in the next 12 months.

A seven-strong team of private investors with experience in the pet and fast-moving consumer goods trade in the UK, Europe and North America brought the 52 year old company out of administration, saving over 40 jobs.

Under the leadership of managing director, Nick Whitley, who joined in June from the $800m turnover KIK Custom Products, Toronto, Canada, Pointer Pet Products has drawn up a development plan spearheaded by innovative new products. The new range is the first of a series of new products.

Nick Whitley said: "Since acquiring the assets, we've secured 42 jobs and are now well on course to grow the business through innovative product and packaging development.

"Although some details are commercially sensitive, the new developments are in areas covering the key product trends including functionality, natural and organic ingredients, weight management and food allergies.

"Yorkshire Bank South Yorkshire FSC has been hugely supportive in providing invoice finance which has enabled us to retain jobs and invest in people, systems and infrastructure which will continue as sales grow."

The company has also invested in new IT systems for finance and manufacturing and appointed a new operations manager and an export sales manager.

Richard Crossfield, Yorkshire Bank South Yorkshire FSC invoice finance partner said: "It is great to see a well-known South Yorkshire manufacturer gain a new lease of life through this private investor team and a dynamic and experienced management.

"Yorkshire Bank has a £100m invoice finance fund available and we're committed to ensuring that it is taken up by businesses which can create new jobs and help drive the economic recovery forward."

Pointer Pet Products website
Yorkshire Bank website

Images: Yorkshire Bank

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Tuesday, December 8, 2009

News: Pointer sale saves 47 Rotherham jobs

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The joint administrators of Rotherham based Pointer Pet Foods have concluded a sale of the business' trade and assets, saving 47 jobs.

The dog treat manufacturing business has been bought by a newly formed company, called Pointer Pet Products Limited which is backed by private investors.

Pointer Pet Products Limited intends to make substantial investment in key operational and administrative areas including commissioning a state of the art sandwich biscuit line, to be completed by the end of January 2010.

Paul Richardson, Chairman of Pointer Pet Products Limited said: "Pointer's history of producing high quality dog biscuits and treats for over 40 years, supplying leading retailers in both the UK and Europe, represents a strong platform to expand sales, broaden the product range and secure the employment of a highly dedicated and expert workforce.

"Working closely with the Pointer team, we are committed to investing in the business to enhance the production capabilities and expansion of sales with both existing and new customers."

Howard Smith, joint administrator and KPMG Restructuring Associate Partner, said: "After a six week period of trading and marketing the business we are very pleased to have concluded a deal which saves the jobs of virtually all the employees and enables the business to continue."

Graham Clark has been appointed Chief Operating Officer effective immediately.

Pointer Pet Products Limited was assisted in the acquisition by corporate finance advisers Rickitt Mitchell and legal advisers Hammonds LLP.

The business appointed Howard Smith and Mark Firmin as joint administrators in October following liquidity issues within its parent company, the Rodi Group, which has operations in Germany and the Netherlands, compounded by the cost of investment in additional production and packaging lines.

Pointer Pet Foods website


Images: Pointer

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Friday, November 6, 2009

News: Pointer Pet Foods in administration

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Rotherham pet food manufacturer, Pointer Pet Foods has gone into administration.

Howard Smith and Mark Firmin, from KPMG Restructuring were appointed joint administrators on 20 October 2009.

Pointer, which employs 50 people at its Eastwood Trading Estate site, distributes its products to bespoke pet food retailers and supermarkets.

The business has entered administration following liquidity issues within its parent company, the Rodi Group, which has operations in Germany and the Netherlands, compounded by the cost of investment in additional production and packaging lines.

Howard Smith, joint administrator and associate partner at KPMG, said: "We are trading Pointer Pet Foods and retaining the majority of employees while we seek a going concern sale of the business, which has a strong UK customer base, significant sales into Europe and the potential to expand."

In February, Spain's Grupo Dibaq acquired 80% of the controlling entity of the Rodi Pet Food Group that owns Pointer.

Pointer was established in 1959 and continued growth allowed for considerable investment in machinery and staff. The investments have included key people with skills in sales, marketing, food technology, nutrition, logistics, customer services and engineering.

The company saw further development by the opening of a new 30,000 sq foot warehouse in 2001 and plans were in place to take further units nearby.

Pointer website


Images: pointerpetfoods.co.uk

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Friday, February 13, 2009

News: Spanish acquisition for Pointer

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Rotherham pet food manufacturer, Pointer Pet Foods has been acquired by a leading European manufacturer. The Spanish Grupo Dibaq has acquired 80% of the controlling entity of the Rodi Pet Food Group that owns Pointer. Dibaq has revenues in excess of EUR 200 million. With a strong focus on pet care and aquaculture, the group is rapidly expanding. It currently includes 26 companies in more than 30 countries on four continents and employs over 1,100 people. Rodi is one of the largest pet food producers and suppliers to the grocery trade and the green sector, with revenues of EUR 80 million and 285 employees. Juan Gargallo of Dibaq said: "The new combination is a perfect match. Both companies are known for their high-quality products. We now offer the European market a one-stop-shop covering all products and market segments." Ronald Rutten of Rodi added: "Rodi can profit from Dibaq's experience in petfood business, both in production techniques and in organizational development for more than 50 years." Pointer Pet Foods is based at Eastwood and was established in 1959. The continuing growth of the company has allowed for considerable investment both in machinery and staff. The investments have included key people with skills in sales, marketing, food technology, nutrition, logistics, customer services and engineering. The company saw further development by the opening of a new 30,000 sq foot warehouse in 2001.

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