Bridge Farm Group has executed a definitive agreement that will return the company to independent ownership as a newly formed entity controlled by David Ball, former CEO of Bridge Farm and current Partner at Artemis Growth. The current management team led by Managing Director, Louise Motala will continue to have full operational control of the business. "David will be the majority share holder in the business," Jen Richardson with the company explains. Bridge Farm Group was bought back from Sundial, which previously acquired the UK-based operation.
Bridge Farm’s core focus will remain on its ornamental horticulture and produce business, where it expects to continue building on its market leading position. The transaction will provide continued investment in its state-of-the-art glasshouse facilities and research into the botanical health and wellness market, including cannabis derived CBD. "We have a R&D license, through which we are exploring the CBD space."
Louise Motala, Managing Director of Bridge Farm Group said:
“The impact of COVID-19 and Brexit on our industry means that the need for high quality, sustainably grown UK products has never been greater. This is an exciting time in Bridge Farm’s history, over the last two years we have invested over £45 million in Clay Lake, one of the most advanced, environmentally sound cultivation facilities in Europe.
We have over 60 acres of fully automated, sustainable cultivation and production space and we are looking forward to realising the full potential of our scale and facilities for the benefit of our customers.”
For more information:
Bridge Farm Group
Neame Lea Nursery, Horseshoe Road
Spalding, Lincolnshire, PE11 3JB
+44 (0)1775 768 234
bridgefarmgroup.co.uk