Premier Foods, the struggling food manufacturer, has completed the previously announced sale of its vinegar and sour pickles, including the Sarson's, Hayward's and Dufrais brands to Japanese firm Mizkan.
The business was sold for a cash consideration of £41m on a debt free and cash free basis.
Premier is currently re-focusing its business to centre around eight 'Power Brands', including Hovis, Oxo and Mr Kipling.
The Sarson's and Hayward's brands are the leaders in their respective categories of malt vinegar and pickles in vinegar while Dufrais is the number two brand in speciality vinegar.
The Office for Budget Responsibility (OBR) will say the economy is growing at twice the rate it forecast in March, the Sunday Telegraph and Sunday Times reported. The OBR will say 2013 growth has jumped to 1.4% from the 0.6% it predicted eight months ago. Next year the economy will grow by about 2.3%, the OBR is set to say. In his December 5th autumn statement Chancellor George Osborne will announce tax breaks for small firms and a clampdown on tax avoidance. While declaring [1 Dec '13]
Premier Foods confirmed that Chief Financial Officer Mark Moran has decided to leave the company and will be replaced at the end of September by former Dairy Crest Finance Director Alastair Murray. [24 Sep '13]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.