The deal follows the decision of Veall’s founders, brothers Ron and John Veall, to retire after forming the business in 1964. It will also safeguard the roles of the company’s 13 staff at its base in St Columb.
Ron Veall said: “My family and I are very proud of the business we have built together over the years, and we are pleased to be able to hand over the reins to another Cornish family business in Kernow Sausage Company.”
Kernow supplies its products to a number of Michelin-star restaurants across the South West, including The Driftwood in Truro. Vealls also has more than 200 stockists that sell its chilled and frozen foods.
Gavin Roberts, managing director of the Kernow Sausage Company, added: “We have seen tremendous growth year on year with our core offering and have proved that we can compete with regional and national players here in the South West.
“I know I speak for the entire team when I say that we’re ready to take on this great business and see it shine. Ron and John Veall have put their hearts and souls into building a great business and we are really excited to be writing the next chapter of the story.”
The businesses will now share facilities and resources, including distribution, in order to operate efficiently.
The acquisition was supported by an investment from the Business Catalyst Fund, a £5m programme supported by the Regional Growth Fund.