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Breaking News |
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The shareholders of Bromcraft Holding Co. (the Group) – owners of the Tunnel Tech group (Tunnel Tech) and The Premier Mushroom (Premier) group of companies – are delighted to announce the purchase of 100% of the shares of Snowcap Mushrooms Ltd. and James A. Gooding Ltd. by Premier. |
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Snowcap and James A. Gooding are the largest supplier of organic mushrooms in the UK and are highly respected in the UK mushroom industry.
Completion took place on 16th January 2007 and confirms the desire of both Tunnel Tech & Premier to continue to invest strongly in developing a 100% UK branded mushroom product.
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The investment by Premier in Snowcap and James A. Gooding is a significant step in the Group's plan to bring 100% British raw materials, 100% British mushroom compost, and 100% British Organic mushrooms to the UK consumer, whilst being increasingly aware of the necessity to dramatically reduce food miles.
This commitment by Premier to invest in additional mushroom production facilities will also underpin Tunnel Tech's investment in the brand new Ph.III mushroom compost plant scheduled for construction in Hampshire later this year, bringing urgently needed Organic and Conventional Ph.III to the south of England, again reducing food miles and supporting local and regional supply.
The new management team from Snowcap and James A. Gooding will bring additional skills to the Group and will share in the passion and desire for a revitalised UK mushroom sector, supporting British food and farming.
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The Group has also further strengthened it's management team having made three senior appointments in Production and Finance at the end of 2006 to assist in this exciting stage of growth and development.
For further information please contact Martyn Dewhurst, Managing Director, at Tunnel Tech on 01264 810032
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