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muckrack.comHere are the latest publicly reported items about Framptons (Framptons, the plant-based co-packer):
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A notable profitability turn in 2024: Framptons reported returning to profit after a £5m cash injection in 2023, with a pre-tax profit of £1.3m in the ten months to April 2024, following a £4.7m loss the prior year amid inflation and supply chain pressures. This reflects a significant turnaround driven by strategic refocus and cost reductions. [Source coverage notes this shift and mentions the involvement of an investment firm and strategic changes.]
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Strategic refocus and brand development: The company streamlined operations by exiting loss-making production lines and focusing more on oat-based products, including the launch of The Wessex Oat Company as Framptons’ own brand in mid-2024. This aligns with its core co-packing work in plant-based beverages. [Reporting on the 2024 accounts and strategic pivots.]
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Workforce reductions to regain competitiveness: Framptons cut staff from about 360 to roughly 177 to reduce costs and improve competitiveness, a move described as essential to rebalancing the business for European markets. [Accounts and management commentary discuss the scale of the restructuring.]
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Portfolio changes and divestments: The eggs business (sold to Griffiths Family Foods) contributed a sizable portion of revenue but was divested to simplify the portfolio and improve margins, while co-packing remained the primary revenue driver in 2024. [Company updates and leadership statements referenced in coverage.]
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Ongoing focus on plant-based co-packing: The majority of Framptons’ 2024 revenue came from co-packing, with emphasis on plant-based drinks (notably oat milks) alongside some dairy and other beverages. The shift away from less profitable product categories supports margins and growth potential. [Financials and strategic remarks from leadership.]
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