June 25, 2015
Investment from the Magnavale Group has enabled leading value-added cold store operator Rick Bestwick (North) to increase its capacity at Normanby Road, Scunthorpe, with the acquisition of three additional cold stores.
Stores 1, 3 and 4 will be used to keep a range of products and ingredients at temperatures from ambient to -18°C before they are transported to a manufacturer or retailer. The stores are already fully operational and bring the chilled and frozen food specialists capacity up to 605,000 sq. ft on the site.
The stores will predominantly be used to service Rick Bestwick’s customers across the north and midlands.
Kevin Hancock, managing director at Rick Bestwick said: “The increased capacity at Scunthorpe will allow us to store an additional 30,000 pallets at a range of different temperatures to keep the products in the best condition possible. The larger space means that we can take a wider selection of products from existing and new customers and puts us in an excellent position to support retailers, food manufacturers and foodservice businesses in preparation for the busy Christmas period.”
Founded in 2013, the Magnavale Group has members all around the UK. It currently owns over 1,500,000 square feet of warehousing which holds over 150,000 pallets across all temperature regimes. Having already invested over £40,000,000 into the members of the group, it is actively looking to invest and acquire other businesses in both the UK and Europe.
Founded in 1987, Rick Bestwick North has operated out of Scunthorpe since 2011. Stores 1,3 and 4 were acquired from Yearsley Group. The business already has seven stores on the site where it offers facilities such as blast freezing and microwave up tempering.