- By Lynda Kiernan-Stone, Global AgInvesting Media
Grain Trading Unit of Criddle & Co. Acquired by Nidera UK
UK-based food and agriculture company, Edward Billington & Son Ltd., has agreed to sell the grain trading unit of Criddle & Co. to Nidera UK for an undisclosed amount. Criddle & Co. is a commodity grain trading company with offices in Liverpool and Wem, which supplies grains and ingredients to food and animal feed processors and manufacturers in the UK.
Given Nidera’s growing presence in the global grains sector, the deal will provide Criddle & Co. with the backing to support growth and expansion, while creating value for both companies and their customers.
"This agreement represents a very positive development for all stakeholders,” said Lloyd Whiteley, chairman of The Billington Group reports World Grain. “With its growing presence throughout the arable supply chain, both nationally and internationally, Nidera is ideally placed to develop and grow this business, ensuring that it continues to go from strength to strength. Despite the change in ownership, the business will retain its status as preferred supplier of combinable crops to the compound feed business of The Billington Group.”
Following the closing of the deal scheduled for December 1, Criddle & Co. will retain its standing as a key supplier of combinable grains to The Billington Group, and the business will continue to be headed by Stewart Johnson.