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Tag "Premier Foods"

Premier Foods Disposing of Sweet Spreads and Jellies Business to Hain Celestial

    Premier Foods Disposing of Sweet Spreads and Jellies Business to Hain Celestial

Premier Foods has agreed to sell its sweet spreads and jellies business, including the Hartley’s, Robertson’s, Frank Cooper, Keiller, Gales and Sun-Pat brands, to The Hain Celestial Group for a

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Board Appointment at Premier Foods

    Board Appointment at Premier Foods

UK food group Premier Foods has appointed Jennifer Laing as a non executive director with effect from 1 October 2012. Jennifer Laing has over 30 years experience in brand building

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Stability Returning to Premier Foods

    Stability Returning to Premier Foods

UK food processor Premier Foods has reported that its underlying business sales increased by 1.1% to £757.1 million in the six months to 30 June 2012, an increase of £8.0

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Premier Foods Sells Ethnic Flour Business to ABF

    Premier Foods Sells Ethnic Flour Business to ABF

Premier Foods has sold its Elephant Atta ethnic flour business to Westmill Foods, a subsidiary of Associated British Foods, for a cash consideration of £34 million. The agreement represents another

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Premier Foods to Dispose of Vinegar and Sour Pickles Business

    Premier Foods to Dispose of Vinegar and Sour Pickles Business

Premier Foods is selling its vinegar and sour pickles business, including the Sarson’s, Haywards and Dufrais brands, to Japan-based Mizkan, for a cash consideration of £41 million. The sale is

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Retail Squeeze Intensifies on UK Food and Drink Manufacturers

    Retail Squeeze Intensifies on UK Food and Drink Manufacturers

Within British manufacturing, particular pressure is being felt by companies that supply the embattled UK retail sector. Some of the worst affected companies are food, non-alcoholic beverages and clothing manufacturers,

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Profits Plunge at Premier Foods

    Profits Plunge at Premier Foods

Premier Foods has reported a 29.3% drop in trading profit for ongoing business to £173.7 million for 2011 on sales down 3.4% to £1.81 billion. The UK food group has

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Premier Foods Announces Landmark Re-financing Package

    Premier Foods Announces Landmark Re-financing Package

Premier Foods has obtained unanimous consent from its banking syndicate, swap counterparties and pension schemes to the terms of a 4 ½ year re-financing package that will allow the company

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Premier Foods to Close Hovis Bakery

    Premier Foods to Close Hovis Bakery

Premier Foods is to close its bakery at Eastleigh in Hampshire with the loss of 82 jobs. The bakery is the smallest of twelve sites in the UK producing Hovis

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Premier Foods Launches £50 Million Marketing Push Behind Power Brands

    Premier Foods Launches £50 Million Marketing Push Behind Power Brands

Premier Foods has commenced a concerted programme of TV advertising as part of its strategy to double marketing spend to more than £50 million in 2012 to help restore growth.

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Premier Foods to Cut 600 Jobs as it Doubles Cost Reduction Target

    Premier Foods to Cut 600 Jobs as it Doubles Cost Reduction Target

Premier Foods expects to more than double the original £20 million cost reduction target, set last year, to over £40 million by 2013 by creating a stronger and more efficient

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Premier Foods to Make Further Disposals

    Premier Foods to Make Further Disposals

Premier Foods is reported to be planning to sell its Hartley’s jams and Haywards pickles businesses in order to raise upwards of £200 million and to reduce its debt burden.

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Premier Foods Completes Disposal of Brookes Avana

    Premier Foods Completes Disposal of Brookes Avana

Premier Foods has completed the disposal of its loss-making Brookes Avana business, comprising RF Brookes chilled foods and Avana Bakeries, to 2 Sisters Food Group for £30 million in cash.

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Premier Foods Sells Four Irish Brands For €41 Million

    Premier Foods Sells Four Irish Brands For €41 Million

Premier Foods is selling its four Irish brands comprising Chivers, Gateaux, McDonnells and the Erin licence to The Boyne Valley Group for a gross cash consideration of €41.4 million. The

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Premier Foods Sells Brookes Avana to 2 Sisters For £30 Million

    Premier Foods Sells Brookes Avana to 2 Sisters For £30 Million

Premier Foods has agreed to sell its loss-making Brookes Avana business comprising of RF Brookes chilled foods and Avana Bakeries to 2 Sisters Food Group for £30 million in cash.

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New Finance Director at Premier Foods

    New Finance Director at Premier Foods

Michael Clarke, who joined Premier Foods during the summer as chief executive, has completed assembling his new leadership team with the appointment of Mark Moran as executive director and chief

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Changes to Leadership Team at Premier Foods

    Changes to Leadership Team at Premier Foods

UK food group Premier Foods has announced changes to its leadership team to strengthen focus on the company’s renewed growth plan, under new chief executive Michael Clarke. In the new

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Profits Warning From Premier Foods

    Profits Warning From Premier Foods

Michael Clarke, the new chief executive of Premier Foods, has warned that full year trading profit is likely to be below market expectations. Trading in the UK food manufacturing group’s

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Profits Plummet at Premier Foods

    Profits Plummet at Premier Foods

Premier Food, the UK’s largest food producer, has reported a 28.7% drop in trading profit to £67m for the first half ended June 25th 2011. Sales from ongoing business, excluding

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Princes Completes £182 Million Canning Acquisition

    Princes Completes £182 Million Canning Acquisition

Princes Group, which is owned by Mitsubishi Corporation, has completed the £182m acquisition of Premier Foods’ East Anglian canning operations to extend its presence in the UK ambient foods market.

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Premier Foods Appoints New Chief Executive

    Premier Foods Appoints New Chief Executive

Premier Foods has appointed Mike Clarke, currently president of Kraft Foods Europe, as chief executive with effect from 1st September 2011. Mike Clarke is one of the most senior executives

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Fray Bentos Put Up For Sale

    Fray Bentos Put Up For Sale

Premier Foods, the UK’s largest domestic food processor, and Princes, the British food and drink company owned by Mitsubishi, are to dispose of the Fray Bentos brand. The move is

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Head of Premier Foods to Retire

  Head of Premier Foods to Retire

Premier Foods has announced that its chief executive, Robert Schofield, intends to retire on the appointment of his successor or

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Boparan Starts Delisting of Northern Foods

  Boparan Starts Delisting of Northern Foods

Boparan Holdings has started the process of delisting Northern Foods’ shares from the London Stock Exchange after its £340m offer

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Boparan’s Offer For Northern Foods Declared Unconditional

  Boparan’s Offer For Northern Foods Declared Unconditional

Boparan Holdings, which incorporates the 2 Sisters poultry group, is nearing completion of its £342 million acquisition of Northern Foods.

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Quorn Foods Created Following £205m Acquisition

  Quorn Foods Created Following £205m Acquisition

Following completion of its £205m acquisition the meat-free business of Premier Foods, Exponent Private Equity has announced the creation of

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Premier Foods in the Red But Debt Level Reduced

  Premier Foods in the Red But Debt Level Reduced

Premier Foods, the UK’s largest food producer, has reported a pre-tax operating loss of £98m, against a profit of £42m

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Premier Foods to Sell Canned Grocery Operation to Princes For £182m

  Premier Foods to Sell Canned Grocery Operation to Princes For £182m

Premier Foods has agreed to sell its East Anglian canned grocery operations to Princes for £182m. The sale is in

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More UK Food and Drink Companies Commit to Reduce Environmental Impact

  More UK Food and Drink Companies Commit to Reduce Environmental Impact

Associated British Foods, Coca-Cola Enterprises, Kraft Foods and Premier Foods are among the major UK food and drink companies to

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Premier Foods Disposes of Meat-free Business for £205 Million

  Premier Foods Disposes of Meat-free Business for £205 Million

Premier Foods is selling its meat-free business, which manufactures and sells products under the Quorn and Cauldron brands, to Exponent

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Campbell Soup Returns to the UK

  Campbell Soup Returns to the UK

US-based food group Campbell Soup Company has entered into an agreement with Leeds-based dry food manufacturer, Symington’s, to launch a

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Premier Foods Moves Closer to Meat-free Disposal

  Premier Foods Moves Closer to Meat-free Disposal

Premier Foods has confirmed that it has received bids for its meat-free business, incorporating the Quorn brand, from a number

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Princes Eyes Premier’s Canning Business

  Princes Eyes Premier’s Canning Business

UK-based food and drink group Princes, which is owned by Mitsubishi of Japan, is reported to be one of the

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Premier Foods Approached About Sale of Canning Operations

  Premier Foods Approached About Sale of Canning Operations

Premier Foods, the UK’s largest domestic food processor, has confirmed that it has received approaches regarding a possible sale of

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Premier Foods Encounters Worsening UK Consumer Environment

  Premier Foods Encounters Worsening UK Consumer Environment

Premier Foods, the UK’s largest domestic food processor, has reported that the British consumer environment has become markedly tougher in

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Premier Foods Receives Approaches for Meat Free Business

  Premier Foods Receives Approaches for Meat Free Business

Premier Foods, the UK’s largest domestic food processor, has received approaches that may or may not lead to a sale

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Premier Foods Increases Branded Sales in First Half

  Premier Foods Increases Branded Sales in First Half

Premier Foods, the UK’s largest domestic food processor, has increased operating profit by £40m to £67m for the six months

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New Chairman For Premier Foods

  New Chairman For Premier Foods

Premier Foods, the UK’s largest domestic food processor, has appointed Ronnie Bell, the former president of Kraft Foods Europe, as

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