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Robert.Jervis_43227 Jun 01

Culina acquires Fowler Welch

Culina acquires Fowler Welch image
Dart Group plc has announced that it has completed the sale of its Distribution and Logistics business, Fowler Welch to Culina Group Limited for a gross cash consideration of £98 million
Fowler Welch is one of the UK's leading providers of food supply-chain services and serves retailers, processors, growers and importers through its distribution network. In addition, the business has a 50% share in a joint venture fruit ripening and packing business, Integrated Service Solutions, located at its Teynham facility.

At 31 March 2020, Fowler Welch had unaudited net assets of £60.5 million.

The Dart board believes that the transaction will enable the Group to focus on its long-term strategy of growing its Leisure Travel business and, importantly, enables Fowler Welch to continue to flourish and grow profitably under new ownership