Hilton Food Group has sold its UK meat supplier Fairfax Meadow Europe Limited to Sysco GB for £54m, as the business sharpens its strategic focus on core strengths.

The disposal includes a three-year supply agreement with Hilton Food Solutions to ensure continuity of high-quality, internationally sourced meat products.

Hilton said the move follows a review of its portfolio and will help it prioritise areas where it can leverage its global expertise and customer partnerships.

Hilton CEO Steve Murrells thanked Fairfax colleagues for their contribution since its acquisition in 2021, adding the deal would “reinforce the platform for sustained growth”.

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“Fairfax Meadow is a high-quality business, and we have supported its growth and development since 2021,” said Murrells.

“I want to thank all our colleagues at Fairfax for their hard work and commitment and wish the entire team every success for the future as the business continues to grow under new ownership.

“At Hilton Foods, our objective is clear, to build on the strengths that have long defined our business. By refining our portfolio and focusing resources where our global expertise and strong customer partnerships create the greatest opportunities, we are reinforcing the platform for sustained growth and delivering attractive long-term returns.”

Sysco GB chief executive Paul Nieduszynski added that the acquisition was “a crucial next step” in strengthening its meat offer, describing Fairfax Meadow as a “great business with a superb reputation for quality and service”.