FDBusiness.com

Hilton Food Group Building a Bigger and More Diversified Business

 Breaking News
  • Pernod Ricard to Acquire Super-premium Italian Gin Brand Pernod Ricard is acquiring Italian super-premium gin brand Malfy from Biggar & Leith for an undisclosed price. Malfy is a range of super-premium gins distilled by the Vergnano family in the Italian region of Moncalieri, and already present in several international markets such as the United States, United Kingdom and Germany. Each gin in the [...]...
  • Nestlé and Carrefour Give Consumers Access to Blockchain Platform Nestlé and Carrefour, the French retail group, have announced that they are giving consumers access to blockchain data for Mousline purée in France. This is the first time that Nestlé is sharing information on its products with consumers via a blockchain platform. Consumers can use their smartphone or other device to scan a QR code on [...]...
  • Plastics Action Alliance Sets Targets to Achieve Sustainable Reduction in Use of Plastic in Ireland Plastics Action Alliance, the recently formed group that comprises of 11 leading agricultural processing and food businesses in Ireland, has set out its key objectives. The industry leading group aims to significantly reducing the use of plastic packaging across its members’ operations. Formed at the end of 2018, the Plastics Action Alliance is a collaboration that [...]...
  • Carlsberg UK Gets Honest About Its Beer Carlsberg UK has launched its most ambitious and honest consumer facing campaign ever in a bid to drive reappraisal of its flagship beer brand. Expected to reach 97% of the UK, the £20 million campaign conceived in collaboration with agency partners Fold7, Clifford French and Initiative – trades on the equity of the brand’s renowned [...]...
  • Alternative Proteins Challenge Dairy Dominance The value of the sports nutrition market is set to grow by around 8% per year to reach over US$17 billion globally in 2021, according to Innova Market Insights’ forecasts. The mainstreaming of the market has led to a surge in interest in plant-based alternatives with the traditional dominance of whey and other dairy proteins [...]...

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

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements