Hilton Food Group Building a Bigger and More Diversified Business

 Breaking News
  • First Milk Acquires Fonterra’s 51% Stake in Fast Forward Joint Venture First Milk, a wholly British farmer-owned dairy co-operative, has agreed to purchase Fonterra’s 51% share of its Fast Forward joint venture, established in 2011, and has entered a new strategic partnership with Havero Hoogwegt for global WPC80 sales and distribution. From July 2019, First Milk will be the sole owner of the whey protein concentrate [...]...
  • Leaders in Luxury Packaging Join London’s Most Exclusive Packaging Event Luxury Packaging London 2019 will celebrate its 10th anniversary when it returns to Olympia on 11 & 12 September, hosted alongside Packaging Innovations. As the UK’s leading luxury packaging event, it will bring together over 180 exhibitors and a dedicated audience of senior buyers, all looking to source the latest in luxury packaging solutions. With consumer concerns [...]...
  • The Lakes Distillery Announces £3.75 Million Investment The Lakes Distillery, based in Cumbria, England, has secured a £3.75 million investment from a group of investors led by Gresham House Asset Management, a specialist equity investment and asset management company. Joining existing investors and high-net-worth individuals, who recently made an additional £1.6 million investment, this is a milestone for the distillery and Gresham [...]...
  • Kerry Group Inaugurates New Production Facility in India Kerry Group has officially opened its new €20 million production facility in Tumkur, India. The new, state-of-the-art 40,585 square metre facility, located 120 km from Bangalore, will serve Kerry Taste & Nutrition’s global and regional customers in the South West Asia region, with Kerry Taste and Beverage systems for the fast-growing retail and foodservice markets. This is Kerry Group’s [...]...
  • Lamb Weston to Acquire Australian Frozen Potato Processor Lamb Weston has agreed to acquire Ready Meals, a frozen potato processor in Australia. Terms were not disclosed. Ready Meals sells frozen potato products under the Harvest Choice brand and operates frozen potato processing and storage facilities in Hallam, Victoria. Lamb Weston, along with its joint venture partners, is a leading supplier of frozen potato, sweet [...]...

Hilton Food Group Building a Bigger and More Diversified Business

Hilton Food Group Building a Bigger and More Diversified Business
March 29
09:08 2019

Hilton Food Group, the leading specialist international food packing business, has reported a 21.5% increase in revenue to £1.649 billion with adjusted operating profit 27.1% higher at £48.7 million, driven by a full year trading from the Seachill acquisition, for the 52 weeks ended 30 December 2018.

Following the acquisition of Seachill last year to diversify into seafood, the business has been successfully integrated into the group. Seachill traded well during the year and secured new business for shellfish and also coated fish which will commence in early 2019. Hilton Food Group also commenced production in Australia to support its customer from a satellite facility in Brisbane, Queensland. The construction of the new facility is proceeding well and is expected to open ahead of schedule in the third quarter of 2019. During the year, Hilton Food Group restructured its joint venture with Woolworths taking operational control of two facilities and signed 15 year long term supply agreements. Work is proceeding well on the construction of a new facility in New Zealand which is due to open in 2020.

Hilton Food Group has formed a joint venture with Dalco, a Dutch leading vegetarian product manufacturer, with the transaction completed since the year end following competition authority clearance. 2018 also saw the launch of fresh convenience foods in Central Europe.

Over 70% of Hilton Food Group’s volumes were produced in countries outside the UK in 2018.

Robert Watson OBE, executive chairman of Hilton Food Group, comments: “In 2018, we continued to deliver on our strategic objectives to build a significantly bigger and more diversified business. Seachill’s integration together with the new shellfish business win has driven volume and profit growth further supported in Australia through the start of production and transfer of operational control in the joint venture facilities. We are adding another protein to our offering through an agreement to invest in leading vegetarian producer Dalco and continue to explore further opportunities in both domestic and overseas markets.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2019BevExpo 2019
  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here