Greencore, the Irish manufacturer of own label and licensed food products, has announced the proposed acquisition of US frozen sandwich maker Peacock Foods for $747.5 million. Peacock Foods is a manufacturer within the retail food industry, specialising in ambient, chilled and frozen food products with multiple facilities around the US. Greencore also produces sandwich products for the US market, mainly distributing through cafes and convenience stores such as 7 Eleven …
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Greencore
International convenience food producer Greencore has announced the acquisition of UK-based firm The Sandwich Factory for £15 million ($19.6 million) from meat and lunch foods producer Cranswick. The Sandwich Factory has a single facility based in Atherstone, Warwickshire and produces multiple varieties of food-to-go products for convenience stores and foodservice channels. The firm generated net revenue of £42 million ($55 million) in the financial year ending 31st March 2016. Greencore …
Convenience food group Greencore has declared that it is entering 2014 with “good momentum”, after reporting an increase in its annual profit and revenue. Profit before tax reached EUR 61.6 m (approx $83.4m) – an 11.8% increase on the previous year – while overall operating profit increased by 8.1%. Group revenue was up by 3% with sales growth in food divisions of 3.5%. Chief executive Patrick Coveney said the results …
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