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Meat producer Cranswick buys Kingston Foods
date:Jul 03, 2012
was 0.5M (EBIT), which would imply an EBIT margin of 4.3%.

We believe recent growth has been strong, both from a sales and profits perspective, and the deal is expected to be modestly earnings enhancing in year 1,said Shirley and Black.

Pre tax profit

After the deal Shore Capital increased it current pre tax profit (CPTP) forecast for Cranwick by 0.2M to 48M for March 2013. For March 2014 it forecast a CPTP of 50.9M compared with 50.5M before the acquisition.

Shore Capital concluded:With a l

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