FAI Farms Ltd. Completes Successful Management Buyout
FAI Farms, a leading research, data and consultancy business working to provide practical solutions for climate and food security, announced today the successful completion of a management buyout.
The buyout marks the beginning of a new and exciting chapter for a business that for the last 20 years have partnered with some of the world’s largest food brands, including M&S, IKEA and others, to improve sourcing standards and farming practice. FAI Farms will retain all its people (27), operations and assets, including data management products, suite of e-learning courses and farm operations in the UK and Brazil.
Øistein Thorsen, the newly appointed CEO said:“This is an exciting new chapter for FAI. We remain a purpose driven company, led by science and data and we look forward to continuing to serve our clients to deliver meaningful value.
We know that our services and insight are more needed than ever to ensure a diverse and resilient food system for generations to come. The management team is committed to deliver FAI’s vision to be a world leading multi-disciplinary team working in partnerships toward a high welfare, equitable and regenerative food system. .”
The deal means that the management team of seven acquires the entire shareholding of FAI Farms Ltd. from its parent company Benchmark PLC. The new owners and management team now comprises Øistein Thorsen, CEO; Kelly Watson, Director of Consultancy; Karl Williams, Director of Key Accounts; Carly Scott, Director of Sustainable Operations; Ralf Onken, Director of Data Development; Clare Hill, Director of Agriculture Strategy; and Murilo Quintiliano, Director of Aquaculture Strategy.