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OAL’s autocoding remove human error at Greencore

    OAL’s autocoding remove human error at Greencore

This yearvent welcomed Caroline Smales, Technical Manager at Greencore Leeds to discuss the advantages to having Autocoding by OAL on site and their future plans.
At the Greencore factory in Leeds, OAL installed an Autocoding system in order to remove human error from the packing line. The system allowed the site to keep track of the […]

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Greencore Makes Bolt-on Acquisition in UK Ready Meals

    Greencore Makes Bolt-on Acquisition in UK Ready Meals

Greencore Group has acquired International Cuisine, a private label chilled ready meal business, from the Hain Daniels Group in the UK. International Cuisine’s ready meal facility is based in Consett in CountyDurham and the majority of its revenue of approximately £45 million is derived from several existing Greencore ready meal customers.
The acquired facility will also […]

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Greencore Makes Further Platform Acquisition in the US

    Greencore Makes Further Platform Acquisition in the US

Greencore has further strengthened its business in the US with the acquisition of  HC Schau & Son, a fresh food manufacturer with facilities in Chicago, Illinois and Jacksonville, Florida. The acquisition, which is worth up to $19 million, will form a critical part of the supply network for a significant new multi-regional contract gain in […]

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Greencore Selling Chilled Desserts Plant to Muller UK

    Greencore Selling Chilled Desserts Plant to Muller UK

Greencore is disposing of its chilled desserts facility in Minsterley to the Muller Dairy UK for £4.3 million. Under the terms of the disposal, ownership of the facility will transfer to Muller and the co-packing arrangement for Cadbury chilled desserts will terminate.
The disposal is expected to complete at the start of January 2013, by which […]

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Uniq Acquisition Boosts Greencore

    Uniq Acquisition Boosts Greencore

Buoyed by the acquisition of Uniq, UK and Irish convenience foods group Greencore has increased revenue by 49.9% to £567.7 million and group operating profit by 36.7% to £31.7 million for the 26 weeks ended 30 March 2012. Revenue from continuing activity rose by 9.3% with the Convenience Foods division ahead by 9.7%. However, group […]

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Greencore Strengthens US Foods Business

    Greencore Strengthens US Foods Business

Greencore Group, one of the leading convenience food manufacturers in the UK and Ireland, is strengthening its US business with the acquisition of Marketfare Foods for $36.0 million (£22.6 million). Marketfare is a leading manufacturer of food to go products for convenience and small stores in the US. Its principal customer is 7-Eleven, which it […]

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Greencore Group Seeks UK Stock Market Listing

    Greencore Group Seeks UK Stock Market Listing

Greencore, the Dublin-based international convenience food producer, is seeking a listing on the London Stock Exchange. The move reflects the fact that despite its Irish origins Greencore now has the majority of its turnover, operating profits and producing assets derived from or located in the UK. In addition, the majority of the group’s shares is […]

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Greencore Shows Resilience

    Greencore Shows Resilience

Greencore, one of the leading players in the UK convenience foods market, has increased revenue by 8.7% to £804.2 million, and by 4.3% on a like for like basis, for the year ended 30th September 2011. However, group operating profit from continuing operations at £51.5 million was flat and the operating margin slipped to 6.4% […]

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Greencore Offer Talks End

    Greencore Offer Talks End

Negotiations about a possible offer by US private equity firm Clayton Dubilier & Rice to buy Greencore, one of the leading convenience food processors in the UK, have ended. Greencore announced the receipt of an approach on October 25th 2011.
 
The Greencore board emphasised that the discussions were at a preliminary stage and there was no […]

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US Private Equity Firm Eyes Greencore

    US Private Equity Firm Eyes Greencore

US private equity firm Clayton Dubilier & Rice is reported to have made an approach to buy Greencore, one of the leading convenience food processors in the UK. CD&R specialises in investing in market-leading companies that are typically underperforming. It has shown a preference for distribution- or services-related businesses. Rather than pursuing specific industry segments, […]

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Improved Trading Performance by Uniq

    Improved Trading Performance by Uniq

UK convenience food processor Uniq has continued to improve its trading performance in the first half ended June 30th 2011. Operating profit before significant items and group costs improved by 47% to £4.7m, compared to the corresponding period last year, on the back of improved trading in the compay’s food to go division and as […]

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Uniq to Exit Everyday Desserts

    Uniq to Exit Everyday Desserts

Uniq, the UK chilled food group, has decided to exit its unprofitable everyday desserts business and to close its production unit at Minsterley in the first half of 2012, with the loss of approximately 350 jobs. The move follows an in depth review of the group’s desserts division. Uniq will now focus on developing its […]

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Greencore to Acquire Uniq For £113 Million

    Greencore to Acquire Uniq For £113 Million

Greencore has made a recommended £113m cash offer for Uniq to significantly strengthen its position within the UK convenience foods market, chiefly within the food to go and chilled desserts categories. The acquisition of Uniq will add new and complementary customer relationships to Greencore, in particular with Marks & Spencer. The acquisition is being funded […]

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Greencore Withdraws From Battle For Northern Foods

    Greencore Withdraws From Battle For Northern Foods

Greencore has announced that it does not intend to make a revised offer for Northern Foods. Greencore had initially proposed an all-share merger of equals between two of the leading convenience food groups in the UK, to create Essenta Foods, a £1.7b turnover business with strong positions in private label production along with significant brand […]

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Boparan Now Holds 34% of Northern Foods as Offer Deadline Extended

    Boparan Now Holds 34% of Northern Foods as Offer Deadline Extended

Boparan Holdings, headed by chicken business entrepreneur Ranjit Singh Boparan, now controls more than a third of Northern Foods, the leading UK convenience food group. On January 21st 2011, Boparan made a £342m offer for Northern Foods, which was recommended by the board of Northern Foods in preference to an earlier offer by Greencore involving […]

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New Financial Chief For Greencore

Alan Williams, formerly with Cadbury for over 18 years, is joining Irish and UK convenience food group Greencore as chief financial officer in March. Alan Williams’ most recent role was global corporate finance director, with responsibility for leading the central finance functions within Cadbury. Previously he served as head of finance for the US confectionery […]

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Greencore Still Considering its Options on Northern Foods

    Greencore Still Considering its Options on Northern Foods

In response to recent press speculation about whether or not it will amend its offer for Northern Foods, the board of Greencore has confirmed that it is still considering its options. Dublin-based Greencore, which is one of the UK’s leading convenience food groups, had proposed an all-share merger of equals with British rival Northern Foods. […]

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Boparan Increases Stake in Northern Foods to 11.4%

    Boparan Increases Stake in Northern Foods to 11.4%

Following its £342m bid for Northern Foods, Boparan Holdings has now increased its stake in the UK convenience food group from 6.6% to 11.4%. Boparan Holdings, which is controlled by food business entrepreneur Ranjit Singh Boparan, made a 73p a share offer for Northern Foods on Friday.
It has since acquired 22.4m ordinary shares of Northern […]

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Greencore Considers its Options

    Greencore Considers its Options

In response to the recommended cash offer by Boparan Holding for Northern Foods, the board of Greencore has announced that it continues to believe that a combination with Northern Foods to create Essenta Foods represents a compelling opportunity for value creation for both Greencore and Northern Foods shareholders. Given the latest development, the board of […]

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Boparan Makes Late £342 Million Bid For Northern Foods

    Boparan Makes Late £342 Million Bid For Northern Foods

Boparan Holdings, which is controlled by food business entrepreneur Ranjit Singh Boparan, has made a 73p a share offer for UK convenience food group Northern Foods. Boparan already owns a 6.6% stake in Northern Foods.
The £342m bid was made following the granting of a two hours extension to the deadline given by the UK Takeover […]

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Boparan Given Northern Foods Offer Deadline

    Boparan Given Northern Foods Offer Deadline

The British Panel on Takeovers and Mergers has ruled that Boparan Holdings, controlled by food business entrepreneur Ranjit Singh Boparan, must make an offer for Northern Foods or confirm that it does not intend to make an offer by January 21st 2011. The decision follows Boparan’s announcement on December 22nd last that it was considering […]

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Boparan Considering £300m Hostile Bid For Northern Foods

    Boparan Considering £300m Hostile Bid For Northern Foods

Food industry entrepreneur Ranjit Singh Boparan, who is head of the 2 Sisters Food Group, one of Europe’s leading poultry processors, is reported to be planning a £300m hostile bid for leading UK convenience food group Northern Foods, which could scupper its proposed merger with Greencore. Ranjit Singh Boparan has already assembled a 6.6% stake […]

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Greencore Acquires US Sandwiches Business

  Greencore Acquires US Sandwiches Business

UK and Irish convenience food processor Greencore Group is extending its chilled prepared foods business in the US with the acquisition of On A Roll Sales, a manufacturer of fresh sandwiches based in Brockton, Massachusetts, for an undisclosed sum. Gross assets of the business being acquired at September 30th 2010 were $3.4m.
“On A Roll is […]

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2 Sisters Founder Takes Stake in Northern Foods

  2 Sisters Founder Takes Stake in Northern Foods

Food industry entrepreneur Ranjit Singh Boparan, who is head of the 2 Sisters Food Group, one of Europe’s leading poultry processors, has bought a 6.6% stake in Northern Foods, ahead of its proposed merger with Greencore to create Essenta Foods.
The deal is the latest in a recent series of acquisitions in both the food manufacturing and […]

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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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Strong Annual Operating Performance by Refocused Greencore

  Strong Annual Operating Performance by Refocused Greencore

Following three strategic disposals to become sharply focused on its UK, Irish and US convenience foods operations, Greencore has reported a 17.6% rise in group operating profit from continuing operations to Eur59.7m on sales up by 6.9% to Eur856.9m for the year ended September 24th 2010. Group operating margin from continuing operations improved by 63bps […]

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Greencore Expects 20% Jump in Annual Profit

  Greencore Expects 20% Jump in Annual Profit

Greencore, which is one of the UK’s leading convenience food manufacturers and also has operations in the US, expects group operating profit, excluding exceptional items and amortisation, on continuing businesses for the twelve months ended September 24 2010 to be about 20% ahead of the previous year. Sales from continuing businesses in convenience foods are […]

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Greencore Completes Disposal of Dutch Convenience Food Business

  Greencore Completes Disposal of Dutch Convenience Food Business

Leading UK and Irish convenience food manufacturer Greencore Group has completed the sale of its Netherlands-based convenience foods business, Greencore Continental, to Convenience Foods Europe, a subsidiary of Parcom Buy Out Fund IV.
Greencore Continental supplies sandwiches, chilled pizzas and chilled sauces to customers based in Continental Europe. It operates from two facilities located at Liessel […]

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Greencore to Dispose of Dutch Convenience Food Business

  Greencore to Dispose of Dutch Convenience Food Business

Greencore Group is selling its Netherlands-based convenience foods business, Greencore Continental, to Convenience Foods Europe, a subsidiary of Parcom Buy Out Fund IV.
Greencore Continental supplies sandwiches, chilled pizzas and chilled sauces to customers based in Continental Europe. It operates from two facilities located at Liessel and Alphen in The Netherlands. The turnover of Greencore Continental […]

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