FDBusiness.com

Princes Eyes Premier’s Canning Business

 Breaking News
  • HKScan Opens New €80 Million Poultry Plant HKScan, the Nordic meat group, has just opened its new, state-of-the-art poultry unit at Rauma in Finland. Valued at over €80 million, the new facility is the largest investment in HKScan’s history. Indeed, the state-of-the-art Rauma unit ranks among the most significant investments in the history of the Finnish food industry. Jari Latvanen, president and chief [...]...
  • Record Growth For UK Food and Drink Exports in First Half of 2017 The first half of 2017 saw exports of all UK food and drink grow to £10.2 billion, up 8.5% on the first half of 2016. This represents the highest first half exports value on record. The UK’s top 3 export products are whisky, salmon and beer. Contrary to recent export trends, stronger growth was reported [...]...
  • Nurturing Locally, Growing Globally – International Meat Congress ICoMST 2017 in Cork The 63rd International Congress of Meat Science and Technology (ICoMST 2017) took place at the Rochestown Park Hotel, Cork, during August 13-18, 2017 and was chaired by Teagasc’s Assistant Director of Research Declan Troy. Over 450 papers were presented at the congress, many by Teagasc researchers. The role of meat in strategies to achieve a sustainable diet [...]...
  • Tempting Batters Now With Clean-label Benefits A leading German natural starch producer, KRÖNER-STÄRKE, perhaps better known as a natural, starch supplier for bread manufacturers, has turned its attention to the convenience market. With a view to cleaning-up the unhealthy image of breaded or battered foodstuffs, the company has succeeded in developing specialist wheat starches which allow food processors to formulate on-trend, [...]...
  • B&R is Introducing a Hypervisor For Its Automation System B&R is introducing a hypervisor for its automation system. This software allows Windows or Linux to run alongside B&R’s own real-time operating system. That enables you to combine the control and HMI applications on a single PC, for example, or have an industrial PC double as both a real-time controller and an edge controller that [...]...
  • Florette Further Expands its UK Business In line with its strategy to be a major player within the UK fresh produce category, Florette UK & Ireland (part of the French Agrial group) has acquired the Wigan site of MyFresh Prepared Produce, a producer of a wide range of salad and vegetable products. MyFresh, Wigan, which employs almost 300 people and was [...]...

Princes Eyes Premier’s Canning Business

Princes Eyes Premier’s Canning Business
November 18
12:25 2010

UK-based food and drink group Princes, which is owned by Mitsubishi of Japan, is reported to be one of the potential buyers of Premier Foods’ canning operations in East Anglia, England. Incorporating sites at Wisbech in Cambridgeshire and Long Sutton in Lincolnshire, Premier’s canning business is valued at up to £250m by some analysts.

Loyd Grossman sauces in pouches, canned beans, soups and pasta are produced at Wisbech, while Long Sutton manufactures Fray Bentos pies, baked beans, canned meat and canned vegetables.

Premier, which is the UK’s largest domestic food processor, is anxious to reduce its £1.4b debt burden and has already put its meat-free business, based on the Quorn brand, up for sale. Indeed, the Premier board is open minded about disposals, provided they deliver shareholder value and accelerate the reduction of average net debt/EBITDA.

Operating from ten manufacturing sites, Princes has a turnover of over £1b and has a broad product range including canned fish, meat, fruit and vegetables, sandwich fillings, pasta, sauces, cooking and olive oils and microwavable ready meals. Its core soft drinks products include bottled water, fruit juice, squash and carbonates.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements