Bridge Farm Group, a Lincolnshire-based growers of plants, flowers and herbs, has today announced that Bridge Farm will become part of Canada’s Sundial Growers Inc.
The transaction, which is said to be worth tens of millions of pounds, will enable Bridge Farm to extend its expertise in growing high quality plants to produce premium, safe CBD-based wellness products and supplements.
Bridge Farm operates at the leading edge of environmental production and Sundial and Bridge Farm have a shared culture as expert growers of high-quality plants grown in a sustainable way.
Bringing this expertise and environmental credentials to CBD products consumers can trust opens up a significant opportunity for the business. The transaction with Sundial will enable Bridge Farm, based in Spalding, to invest behind that opportunity with the support of an experienced partner.
Ted Hellard, Executive Chairman of Sundial said: “Bridge Farm has been an acquisition we have set a goal on for some time. Their current structure size of 1.8 million square feet will be increased to 2.8 million by early 2020 and 3.8 million by the end of 2020, allowing Bridge Farm to become one of the largest fully automated, protected growing facilities in Europe.
“We believe it gives Sundial the opportunity to be one of the first movers at scale within the CBD wellness market within Europe.
“Bridge Farm’s supply chain capability and retail relationships along with unparalleled capacity bring with it exciting possibilities for Sundial’s global wellness brand platform. We welcome David and his team on board.’
David Ball, Chief Executive of Bridge Farm added: “As a family business we are very proud of the way we have grown Bridge Farm to its current position as one of the most successful UK horticultural businesses.
“Demand for CBD products is growing with increasing consumer awareness in the UK market. However, consumers want confidence in the products they buy. Our philosophy as growers is that plants must be high quality and grown in a sustainable way and we will now be able to bring that expertise to CBD health products.
“The transaction will allow us to strengthen key customer relationships, securing our future as one of the UK’s fastest growing local businesses.”
Torsten Kuenzlen, Chief Executive of Sundial said: “We are delighted that Bridge Farm have chosen to join Sundial and we welcome our new colleagues.
“They have deep expertise which we can learn from and we believe that we can contribute to the growth of what is now Sundial’s UK business. Consumers deserve high quality CBD heath products they can trust and we are excited by this opportunity.”