FDBusiness.com

Premier Foods Receives Approaches for Meat Free Business

 Breaking News
  • Mergers & Acquisitions – Biggest Buyers and Sellers in 2019 Orkla, Pernod Ricard, Nestlé, Asahi, PepsiCo, Lactalis, Anheuser-Busch InBev, Azelis, Berlin Packaging, Kirin and Waterlogic were the most acquisitive companies of 2019, according to the bevblog.net food and drink transactions database,...
  • Tailored Insights For the Food Industry at Packaging Innovations 2020 Packaging Innovations 2020 will host curated content designed to tackle the biggest challenges faced by the food, drink, beauty, pharmaceutical and healthcare, e-commerce, and retail sectors, as part of the show’s...
  • Fazer Becomes Market Leader in Gluten-free Bakery Products Fazer Group is continuing to execute its growth strategy and invest in growing product categories by acquiring Vuohelan Herkku’s bakery and mill businesses. Vuohelan Herkku is one of the forerunners...
  • C&C Group Chief Retires C&C Group, the Irish and British drinks business, has announced that Stephen Glancey has stepped down as CEO and will leave the company at the end of February. Stephen Glancey...
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...

Premier Foods Receives Approaches for Meat Free Business

Premier Foods Receives Approaches for Meat Free Business
October 05
09:10 2010

Premier Foods, the UK’s largest domestic food processor, has received approaches that may or may not lead to a sale of its meat free business, including the Quorn brand. The disposal of the business, which analysts estimate to be worth between £200m and £250m, would help Premier reduce its debt burden following a series of acquisitions culminating in its £1.2b purchase of RHM in 2007.

Premier Foods remains open minded about disposals, provided they deliver shareholder value and accelerate the reduction of average net debt/EBITDA. Potential bidders for the meat free business include Nestle, Unilever, Danone and Campbell Soup Company.

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements