Just a day after confirming it was looking to buy Inspired Pet Nutrition, food manufacturer Cranswick has pulled out of the acquisition process.
The company issued the following statement: “Further to its announcement of 16 December 2020, the board of Cranswick plc today (Thursday) confirms that it has withdrawn from the acquisition process for Inspired Pet Nutrition Limited.”
According to earlier media reports a number a private equity firms had made offers to buy the owner of the Wagg and Harrington’s brands. A decision about the outcome of the sale process was expected within days.
