Flower and vegetable supplier Flamingo Holdings has announced the completion of its purchase of Spalding-based Lingarden Ltd.
Richard Evans, chief executive of Flamingo, said: “The acquisition is an exciting development for Flamingo and further re-inforces its position as one of the leading suppliers in the fast-growing cut-flower sector.”
Annual turnover of the enlarged group is now expected to be around £300 million. Lingarden is a major supplier of cut flowers to UK retailers.
Flamingo is a vertically integrated supplier with its own production base in Africa where it produces approximately 50 per cent of the company’s cut flower requirements.
The balance of the flower supply for customers is sourced from growers in Europe, Asia and South America.
Evans said the fully integrated supply base, together with Flamingo’s expertise and reputation, is expected to significantly enhance the existing Lingarden business and provide excellent opportunity for its growth.
