2 Sisters Corby site the target of management buyout
2 Sisters Food Group (2SFG) made our top 10 most popular list again after its Solway Foods plant in Corby was the target of a management buyout by Utopia Foods.
Utopia was formed to take over 2SFG’s Avana Bakeries site.
The deals were viewed as a potential lifeline for the 1,400 workers at the two sites who faced redundancy amid plans from 2SFG to close them.
Both sites were sold to previous senior managers at 2SFG, a source who asked to remain anonymous told this website.
“They have both been sold to senior managers.” Regarding Corby, he added: “They are looking to keep it going as a going concern,” said the source.