UK: Concerns over the takeover of Crisp Maltings Group by Ragleth

The owner of UK's leading maltster, the Crisp Maltings Group, expressed worries on September 4, that the takeover of the 115-year-old business would lead to job cuts.

The chief executive of holding company Ragleth David Thompson, who came to purchase the Crisp Maltings Group from owner the Anglia Maltings Group on September 31, said there were no plans to change the business in any way.

Mr. Thompson said “There are no proposals to change the business, we are simply replacing one holding company with another. We hope the company continues to expand on its potential”
Ragleth was “delighted” to acquire the prestigious maltings, which is known for its high-quality malt.

Together with the Great Ryburgh maltings, Ragleth has acquired the three other maltings which make up the Crisp Maltings Group - one at Ditchingham near Bungay, and two more dedicated whisky maltings in Scotland.

Crisp Maltings Group runs as well a haulage business to support its operations. In total the group employs just under 300 people. In 2003 parent company Anglia Maltings reported an operating profit of £3.6m and a turnover of £51.9m.

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