UK’s second biggest apple grower bought for £15.7m
Bardsley produces nearly 18,000 tonnes of fruit a year and will now be owned by tea, avocado and nuts grower Camellia.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Global agriculture business Camellia has bought the UK’s second largest apple grower for £15.7 million.
The new owners of Bardsley England will also loan the business £9.3 million for further investment.
Bardsley grows nearly 18,000 tonnes of fruit a year across 27 orchards, covering 2,100 acres in Kent which produce apples, pears, apricots, plums and grapes.
The company, which employs 550 staff during the peak picking season, also uses high-tech agriculture products, including micro-climate, leaf and pollinator sensors, in its orchards, before supplying major UK supermarkets.
London-listed Camellia said the deal will help improve its agriculture portfolio which focuses on avocados, macadamia nuts and blueberries – selling them to many of the same supermarkets that Bardsley supplies.
The loan will also support Bardsley’s packaging business and extending its orchards, Camellia added.
The company recently announced it would suffer a £1 million reduction in operating profit this year as a result of bad weather conditions in northern India and Bangladesh where it grows tea.
Its tea plantations in Kenya have performed better but Covid-19 restrictions have also restricted the company in the past year.
The deal with Bardsley includes a £12.7 million payment upfront and a further £3 million in July next year.
Bardsley made a loss before tax of £1.7 million in the year to March 31 with net assets of £8.3 million.
Tom Franks, chief executive of Camellia, said: “We have been looking for some time to increase our focus on agriculture where we have deep skills, and to increase our operations in the UK.
“Bardsley does both of these, and is located close to our HQ in Kent, which is the premier region for apple growing in the country.”