UK food manufacturer Premier Foods Plc has announced the acquisition of 100% of The Spice Tailor, a maker of Indian and South East Asian meal kits and accompaniments, for an initial consideration of £43.8 million ($52.4 million). In a statement, Premier Foods said the Spice Tailor would benefit from increased levels of marketing investment to drive product awareness and household penetration, new product development resources, and access to Premier Foods’ commercial capabilities …
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Premier Foods
Premier Foods, the UK food manufacturer, is mulling the sale of its Ambrosia custard and desserts brand as it continues to look at ways of reducing its debt burden. The company made the announcement as it reported a statutory loss after tax of £700,000 ($910,000) for the first half of its financial year, despite growing revenue by 1.3% and seeing trading profit increase by 6.2%. The Ambrosia brand range includes canned and frozen …
Premier Foods, the UK food manufacturer, has announced an extension to its Bisto brand range with the launch of Bisto Foil Bakes. According to the company, each product includes a packet of flavouring mix and a foil bag complete with a steam vent window. Consumers are instructed to use chicken, fish or meat, rub it with the seasoning and then bake in the oven. “The premium foil baking bag infuses the …
Gama spoke to Helen Warren-Piper, Marketing Director, Premier Foods. What key trends do you expect to shape food innovation in 2016? Health, convenience, indulgence and real food are all still key trends that have a major impact on the FMCG market. Other factors influencing food innovation are of course the sugar debate, reduced salt and a push to have products that are free from artificial ingredients. As a leading British …
UK food manufacturer Premier Foods has acquired the remaining 51% of its Knighton Foods joint venture for a nominal sum, according to a report in Insider Media. The joint venture with dry food processor Specialty Foods, was established in 2014 following the transfer of approximately £16 million of private label and business-to-business sales of powdered beverages and desserts from Premier Foods. Knighton Foods, which operates out of a facility in …
McCormick, the US spice and seasoning firm, has announced that it no longer intends making an offer to acquire the UK-based food manufacturer Premier Foods. Premier Foods had reportedly rebuffed three approaches from the American firm before announcing last week that it had entered “constructive” talks regarding a possible takeover. The latest offer put forward by McCormick was said to have amounted to 65 pence a share in cash, or a total …
Having previously rebuffed an approach by US firm McCormick, UK food manufacturer Premier Foods has announced that it is now in “constructive” talks with the spice and seasonings giant over a possible takeover deal. In an update posted on the firm’s website, Premier Foods said that it had arranged to meet its main institutional investors “to provide them with further insight into the business, including the value creation potential of the …
Japanese food manufacturer Nissin Food has acquired a 17.27% shareholding in British food manufacturer Premier Foods from an existing shareholder. Announcing the deal in a statement, Premier Foods, which own brands such as Mr Kipling and Bisto, said that the Japanese company “understands and supports Premier’s ambitions”. As part of the move, Nissin Food has the option to appoint a non-executive director to the Premier Foods board on the condition …
The latest innovation insight from Gama Compass™ MANCHESTER – 7th January 2016: For the first innovation focus of 2016, we look at a product launch that aims to breathe new life into the instant soup category through a “premium” offering that highlights the benefits of satiety, texture and flavour – Batchelors Cup A Soup Deliciously Thick Instant Soup. Promoted as being “perfect for lunchtime”, Batchelors Cup A Soup Deliciously Thick …
The UK’s leading cake brand – Mr. Kipling – is seeing its range expanded with the launch of three new flavours inspired by popular milkshakes, according to a report in FDIN. The new Mr. Kipling Milkshake Slices have been launched as part of the brand’s ‘snack pack’ offering, designed to cater to the needs of smaller families, and are said to contain lower fat and saturated fat levels than the …
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