P3P Partners group (“P3P”) has acquired an 80% interest in Cheshire-based A Pearson Holdings Limited (“APS”), grower of over 500 million tomatoes a year in the UK and will provide working capital and growth funding to the APS group.
The Pearson family will retain a 20% interest in the APS business going forward. This transaction provides the APS business with access to additional funding to further grow and develop into other fresh produce areas.
The management team at APS, led by Mark Pearson as CEO, will continue to run the business on a day-to-day basis. Paul Allen has joined the business as Executive Chairman to enhance the growth plans of the business, and David Hoult has recently been appointed as group CFO.
APS was established in 1949 as A Pearson & Sons. Today the business employs 750 people and operates across seven locations across Cheshire, Kent, Isle of Wight, West Sussex and the North East consisting of 70.4 hectares of glasshouse and 80,000 square feet of packing facilities and head office in Chichester.
About P3P Partners
P3P is an experienced energy, waste, agritech and horticulture specialist, developing, building, owning and operating energy and controlled-environment agriculture sites around the UK, including operation of 70 MW of sustainable horticultural CHP energy centres. P3P also makes strategic investments in related ventures, including leading vertical farming business, Oragen Group and a founding stake in leading agricultural-waste AD and biomethane developer, Acorn Bioenergy.