Gleadell Agriculture Ltd are pleased to announce that they have reached agreement in principle to buy Tabmellow Ltd, the holding company of Dunns (Long Sutton) Ltd.
The acquisition is subject to due diligence and completion of legal documentation, and is expected to be concluded in the next three months.
Gleadell is the UK’s leading independent grain merchant and a significant supplier of seed and fertiliser to UK farmers. Dunns are specialists in premium pulse products for the human consumption market and a major UK agricultural seed processor.
The companies have traded together for over ten years and see clear benefits for Dunns from the support provided by Gleadell’s shareholders ADM and Invivo.
In addition, Dunns’ expertise in both the seed and pulse sectors will provide good synergy alongside Gleadell’s international export pulse trading activities and growing seed business.
No further comments will be made by either company until legal documentation and due diligence is completed.