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Tag "frozen foods"

Findus to Restructure Debt

    Findus to Restructure Debt

Frozen foods manufacturer Findus is reported to be renegotiating over £700 million of loans with its banks and other creditors. High interest payments impacted on operating profits in its 2010 financial year, leaving Findus with a net loss of £151.6 million.
Findus, which incorporates Young’s Seafood in the UK, is the top branded frozen food producer […]

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Financial Restructuring at Findus Group

    Financial Restructuring at Findus Group

Findus Group, one of the leading frozen food businesses in Europe with sales over Eur1.3b, is reported to be renegotiating its covenants with its lenders in order to gain greater financial flexibility for funding expansion. Indeed, some industry sources suggest that Findus is attempting to assemble a Eur1 billion war-chest for funding future acquisitions.
The food […]

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Bonduelle and Ardo Establish Spanish Joint Venture to Supply Findus

    Bonduelle and Ardo Establish Spanish Joint Venture to Supply Findus

The Ardo and Bonduelle groups are to set up a joint venture to supply frozen vegetables to the Spanish and Portuguese markets. Ardo and Bonduelle have also signed an exclusive supply agreement with Findus, which is returning to the Spanish and Portuguese frozen foods markets.
The agreement between Bonduelle and Ardo provides for a joint venture […]

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Kerry Group to Close Welsh Frozen Food Factory

Kerry Group, the Irish and international food ingredients and consumer foods manufacturer, is to close its own label frozen foods factory at Flint in Wales with the loss of 318 jobs. The site is part of Headland Foods, which makes two million ready meals a week between its factories in Flint and Grimsby, Lincolnshire.
Headland Foods […]

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English Frozen Foods Deal Collapses

The sale of the Northumberland Foods factory at Amble by the administrators to Newcastle-based frozen foods company Longbenton Foods has collapsed. Before falling into financial difficulties, Northumberland Foods was manufacturing frozen vegetable products for clients including Tesco, Sainsbury and Iceland at its factory at Amble. It also had a second factory at Morpeth.
Longbenton Foods appeared […]

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Northern Foods and Greencore to Create £1.7 Billion Convenience Foods Giant

    Northern Foods and Greencore to Create £1.7 Billion Convenience Foods Giant

Northern Foods and Greencore, two of the UK’s leading convenience food processors, are to merge to create Essenta Foods, a £1.7b turnover business with strong positions in private label production along with significant band strength in biscuits and frozen pizzas, respectively through the Fox’s and Goodfella’s brands. The merger is expected to yield cost synergies […]

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Lamb Weston/Meijer’s Austrian Acquisition Approved

    Lamb Weston/Meijer’s Austrian Acquisition Approved

The European Commission has cleared the proposed acquisition of a 74% controlling stake in Frisch & Frost (F&F), a producer of frozen and chilled products in Austria, by Dutch company Lamb Weston/Meijer. Currently, F&F is solely owned by Austrian company RWA International Holding, an international trading and services organisation that sells agricultural products and commodities […]

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Nestle to Expand French Food Service Operation

Davigel Davifrais, Nestle’s French frozen and fresh food products distribution company, is reported to be planning to invest Eur6m to construct a new 7,000 sq m warehouse at its site in Metz. Employing 1,500 people and with annual sales of Eur438m, Davigel Davifrais is part of Nestle Professional and specialises in the serving the food […]

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Northern Foods to Sell Dalepak Frozen Foods

    Northern Foods to Sell Dalepak Frozen Foods

UK convenience foods producer Northern Foods has agreed to sell Dalepak Frozen Foods to the Irish Food Processors Group, one of the largest meat processors in Europe, for an expected cash consideration of £6.4m. Dalepak, based in Northallerton, North Yorkshire, England, is a supplier of frozen food products, including meat and meat free grills, with […]

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One in Four UK Consumers Rarely Visit the Frozen Food Aisle

A YouGov SixthSense report into the chilled and frozen foods market reveals that 27% of UK adults rarely visit the frozen food aisle. The report also shows that a considerable number of consumers have not embraced new and non-traditional frozen food products.
Consumers are unhappy with the variety of foods on display in the frozen food […]

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