Ranjit Singh Boparan

From Wikipedia, the free encyclopedia

Ranjit Singh Boparan is a British businessman, and the founder and owner of 2 Sisters Food Group with his wife Baljinder Singh Boparan. Known as the "Chicken King" in the West Midlands,[1] he has an estimated personal fortune of £190M.[2]

Early career

Born in Bilston, West Midlands, Ranjit left school aged 16 with few qualifications.[1] He started working in a butchers shop, and founded 2 Sisters Food Group in 1990 with a small bank loan.[1] Still resident today in the West Midlands, he began expanding West Bromwich-based 2 Sisters Food Group through its holding company Boparan Holdings, which he jointly owns with his wife. Boparan insists on a low public profile and "doesn't do interviews with the media".[1]

In November 2006, the couple's then 19-year-old son, Antonio, was prosecuted after his Range Rover Sport left one-year-old Cerys Edwards with severe brain damage after his car, which was travelling at 70 miles per hour (110 km/h) on the wrong side of a 30 miles per hour (48 km/h) single-track road,[3] hit the Jeep her parents were driving. He was the first person convicted under English & Welsh law from evidence recovered from his car's Event Data Recorder system, concealed in the driver's airbag.[3] In April 2008 Antonio was sentenced to 21 months in jail for dangerous driving, at Birmingham Crown Court.[4] In February 2012, Cerys Edwards' family was awarded £5M, and a sum of £450k per annum every year for her life for Cerys' care, from Boparan's insurance company.[5]

Boparan Holdings

Boparan Holdings is the group company, which owns all of the couple's subsidiary holdings. The Boparans are very keen on training and developing their workforce, and are proud of their record of putting employees through NVQs on factory and farm production. They are also proud of the high standards of animal welfare and food safety among their partner companies and suppliers.[2]

2 Sisters Food Group

Main article: 2 Sisters Food Group

2 Sisters Food Group is a Birmingham, England based food-manufacturing company.

Established in 1993 by Chief Executive, Ranjit Singh Boparan, as a frozen retail cutting operation, it has grown rapidly through acquisition and expanded to cover 36 manufacturing sites in the UK, 8 in the Netherlands, 5 in Ireland and 1 in Poland.

The group employs over 24,000 people, and annual sales now exceed £3 billion. It is listed 19th on the 2013 Sunday Times Top Track 100.

The company is now the third largest food company in the UK by turnover and one of the fastest growing private companies.

Northern Foods

Main article: Northern Foods

Following a period of asset disposal, on 17 November 2010 Northern Foods announced it was merging with Irish ready-made meals supplier, Greencore. According to industry web site, just-food.com, the company's shares rose more than 20% that day. The new company was to be called Essenta,[6] with headquarters in Ireland but listed on the London Stock Exchange.

However, after building up a 25% share holdings, on 21 January 2011 Ranjit Singh Boparan announced a £341M bid to buy Northern Foods,[7] which succeeded in gaining sufficient shareholder support to proceed. This resulted in the appointment of Boparan as the company's Chairman in April 2011.[8] On 13 May 2011 the company was delisted from the London Stock Exchange, and taken private under Boparan Holdings.

FishWorks

FishWorks operates in a similar manner to 2 Sisters, but within the fish processing market.

Harry Ramsden's

Main article: Harry Ramsden's

In April 2006, Compass Group sold its specialist airports and railways division SSP for GB£1,822 million to EQT Partners of Sweden, including the Harry Ramsden's fish and chip shop chain. After attempting a turnaround under new MD Chris Sullivan in 2008,[9][10] on 19 January 2010 SSP sold Harry Ramsden's to Boparan Ventures Ltd, the private investment vehicle of Ranjit Singh Boparan.[11] BVL announced plans to open another 100 units in the next five years, and create 600 new jobs.[12]

References

  1. ↑ 1.0 1.1 1.2 1.3 Wachman, Richard (13 March 2011). "Ranjit Boparan, the chicken king, looks set to rule the roost at Northern Foods". The Guardian (London). 
  2. ↑ 2.0 2.1 http://www.birminghampost.net/birmingham-business/richlist/profiles2011/2011/01/23/30-35-ranjit-baljinder-boparan-singh-190million-125m-65233-28032123/
  3. ↑ 3.0 3.1 "How car's black box trapped speeding Rich List heir who left baby paralysed in Range Rover crash". Daily Mail (London). 3 April 2008. 
  4. ↑ Parker, Andrew. The Sun (London) http://www.thesun.co.uk/sol/homepage/news/article1087892.ece |url= missing title (help). 
  5. ↑ "Cerys Edwards injured by speeding driver awarded £5m". BBC West Mildands. 23 February 2012. Retrieved 23 February 2012. 
  6. ↑ "In the spotlight - The Greencore, Northern Foods merger". just-food.com. Retrieved 17 November 2010. 
  7. ↑ Boparan wins Northern Foods with £341m bid FT.com
  8. ↑ Boparan becomes Northern Foods Chairman
  9. ↑ "SSP – The Food Travel Experts". Foodtravelexperts.com. 4 April 2009. Retrieved 26 February 2010. 
  10. ↑ "Fantastic feast for the girls – Blackpool Today". Blackpoolgazette.co.uk. Retrieved 26 February 2010. 
  11. ↑ 's "SSP – The Food Travel Experts". Foodtravelexperts.com. 15 November 2007. Retrieved 26 February 2010. 
  12. ↑ "Chicken magnate gobbles up Harry Ramsden's with promises of 100 new outlets". Yorkshire Post. Retrieved 26 February 2010. 
This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.