Inverurie-based meat supplier and specialist butcher Donald Russell has secured an investment from privately owned Vestey Foods, which the company hopes will help it to build on recent performance and further develop its operations.
However, bosses say there will be no changes to the day-to-day running of the Donald Russell business, which will continue to operate out of Inverurie in Aberdeenshire under the same management team.
Donald Russell, which has built its reputation on supplying meat, fish and poultry direct to consumers and restaurants, holds the Royal Warrant and delivers regularly to the Royal Household. Vestey Foods Group comprises thirteen food companies across 70 countries, with a combined turnover in excess of £500m.
Hans Baumann, Managing Director of Donald Russell commented: “We are very excited by the opportunities Vestey Foods offers the company. Donald Russell continues to flourish, with its most successful trading year yet in 2011 and the support of Vestey Foods will allow us to further develop and invest in the brand. There are strong synergies between our two businesses, each holding the same commitment to the highest quality in terms of corporate values, product delivery, food standards and personal service.
“Only last year we completed a major £6 million investment programme in our new state-of-the-art distribution and fulfilment centre and we can now take advantage of the opportunities a like-minded family business can offer us in the UK and internationally. All the management and staff have welcomed this excellent news, which is not only good for Donald Russell but also for the local community and jobs market.”
George Vestey, CEO of Vestey Foods said: “We have long admired Donald Russell’s combination of traditional specialist butchering skills with a cutting edge e-commerce and mail order operation and look forward to seeing it flourish and grow in the future.”