The joint administrators of B Riley & Sons, Paul Flint and David Standish of KPMG, have announced that they completed a sale of the business and key assets to Dale Valley Rossendale Limited on 29 June 2016.
The agreement sees Dale Valley Rossendale Limited acquire seven properties, including an abattoir in Dunnockshaw near Burnley, and other assets including plant and machinery.
Paul Flint, associate partner at KPMG and joint administrator, said: “B Riley & Sons was one of the largest independent abattoir and meat processing businesses in the North of England, and a major supplier of lamb to the European market. We are therefore delighted to have been able to conclude this complex sale following a six month marketing and negotiation period, and particularly in light of the events of the last seven days."
Paul Flint and David Standish were appointed joint administrators of B Riley & Sons on 16 December 2015, after the company experienced significant cashflow difficulties.
The Company and its Joint Administrators were assisted by Sanderson Weatherall and Eversheds on the transaction.
Notes to editors:
For media enquiries, please contact:
Katy Broomhead, Senior PR Manager
T: +44 (0) 161 246 4623
M: +44 (0)7824 537963
Follow us on twitter: @kpmguk
KPMG Press Office: +44 (0)207 694 8773
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.