If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHilton Foods Regulatory News (HFG)

Share Price Information for Hilton Foods (HFG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 931.00
Bid: 932.00
Ask: 936.00
Change: -9.00 (-0.96%)
Spread: 4.00 (0.429%)
Open: 956.00
High: 956.00
Low: 892.00
Prev. Close: 940.00
HFG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Western Australia and Victoria Joint Venture

26 Feb 2018 07:00

RNS Number : 8338F
Hilton Food Group PLC
26 February 2018
 

 

26 February 2018

Hilton Food Group plc

Western Australia and Victoria Joint Venture Facilities for Woolworths Group LTD.

Hilton Food Group plc ("Hilton") and Woolworths Group LTD today announce the agreement to restructure their Australian meat processing joint venture. This agreement includes long term contracts for Hilton Foods Australia ("HFA") to supply Woolworths Supermarkets with packaged and value-added meat products.

Hilton will begin full operational control of the Bunbury and Truganina plants from 1 July 2018. At the end of a transitional period of two years, Hilton Foods Australia will acquire the relevant plant assets for a book value expected to be AU$85m, for either cash or equity consideration (in the form of a minority equity stake in HFA). During this transitional period, HFA will commission a new meat processing plant in Queensland. 

This extension to the current partnership between the two companies will enable Hilton to continue to service Woolworths with best in class quality, availability and innovative meat products across Woolworth's expansive store network under these long term 15-year contracts. 

Robert Watson OBE, Chief Executive of Hilton commented: "We look forward to welcoming the Woolworths employees in Bunbury and Truganina to our team. We have been working closely with Woolworths for five years and we have a deep understanding and respect for each other. Our long term partnership with Woolworths is growing and this is the next phase of an even stronger relationship. The long term contract between us displays the mutual trust we have in our partnership and Hilton looks forward to working with the Woolworths team to strengthen further our world class meat offer in Australia."

Pat McEntee, Woolworths Director of Meat said: "Woolworths is pleased with the value the current joint venture has created within its meat supply chain and is excited to extend the partnership with Hilton to deliver affordable, innovative and convenient protein choices for its customers."

Enquiries:

Hilton Food Group plc

Tel: +44 (0)1480 387214

Robert Watson OBE, Chief Executive

 

Nigel Majewski, Chief Financial Officer

 

 

 

Citigate Dewe Rogerson

Tel: +44 (0) 20 7638 9571

Angharad Couch

Ellen Wilton

 

 

Hilton Food Group in Australia - Current Status

Hilton announced on 10th January 2013 that it was to enter into a joint venture agreement with Woolworths LTD through a 50 per cent interest in a new company, Woolworths Meats Co Pty, to operate the Bunbury Meat Centre in Bunbury, Western Australia. On the 20th August 2013, it further announced that it was to proceed with plans to construct a new meat processing facility in Victoria, Australia. These plants have been operating for some time now as part of the Woolworths Meat Co, with all the operating assets currently owned by Woolworths.

On 6th December 2016, Hilton announced plans to construct a new meat processing facility in Queensland, to supply Woolworths. The facility will be owned by Hilton Foods Australia, its 100% owned Australian operating company. The facility is currently under construction.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
JVESEIFIDFASEEE
Date   Source Headline
28th Nov 20185:27 pmRNSDirector/PDMR Shareholding
1st Nov 20187:00 amRNSTrading Update
18th Oct 20187:00 amRNSAgreement with Dalco Food B.V.
1st Oct 201810:51 amRNSTotal Voting Rights
17th Sep 20185:57 pmRNSHolding(s) in Company
13th Sep 20184:57 pmRNSDirector/PDMR Shareholding
13th Sep 201812:05 pmRNSDirector/PDMR Shareholding
11th Sep 20185:14 pmRNSHolding(s) in Company
11th Sep 20187:00 amRNSInterim results for the 28 weeks to 15 July 2018
10th Sep 20184:35 pmRNSPrice Monitoring Extension
3rd Sep 201810:43 amRNSTotal Voting Rights and Share Capital
1st Aug 20189:44 amRNSTotal Voting Rights and Share Capital
27th Jul 201812:02 pmRNSPrice Monitoring Extension
19th Jul 20187:00 amRNSTrading Update
17th Jul 20184:35 pmRNSPrice Monitoring Extension
10th Jul 20189:46 amRNSHolding(s) in Company
4th Jul 201810:09 amRNSDirector/PDMR Shareholding
2nd Jul 20182:01 pmRNSTotal Voting Rights
2nd Jul 20181:58 pmRNSBlock listing Interim Review
2nd Jul 201811:23 amRNSDirectorate Change
27th Jun 20185:12 pmRNSAdditional Listing
15th Jun 20189:00 amRNSAdditional Listing
12th Jun 20185:16 pmRNSHolding(s) in Company
6th Jun 20185:53 pmRNSDirector/PDMR Shareholding
23rd May 20182:08 pmRNSResult of Annual General Meeting
23rd May 201810:46 amRNSBoard Changes
23rd May 20187:00 amRNSTrading Update
2nd May 201810:16 amRNSDirector/PDMR Shareholding
24th Apr 20185:05 pmRNSAnnual Financial Report
11th Apr 20182:36 pmRNSHolding(s) in Company
28th Mar 20187:00 amRNSPreliminary Results
1st Mar 20189:29 amRNSTotal Voting Rights
26th Feb 20187:00 amRNSWestern Australia and Victoria Joint Venture
1st Feb 20181:13 pmRNSTotal Voting Rights
30th Jan 20186:22 pmRNSHolding(s) in Company
19th Jan 20184:31 pmRNSDirector/PDMR Shareholding
11th Jan 20187:00 amRNSTrading Update
4th Jan 201811:18 amRNSDirector/PDMR Shareholding
2nd Jan 201812:25 pmRNSBlock listing Interim Review
29th Dec 201712:35 pmRNSPrice Monitoring Extension
1st Dec 20178:00 amRNSTotal Voting Rights
8th Nov 20173:34 pmRNSDirector/PDMR Shareholding
8th Nov 20177:00 amRNSTrading Update
7th Nov 20172:32 pmRNSTotal Voting Rights
7th Nov 20171:41 pmRNSCompletion of Acquisition
6th Nov 201710:18 amRNSResult of General Meeting
1st Nov 201710:53 amRNSHolding(s) in Company
18th Oct 201710:09 amRNSPublication and Posting of Shareholder Circular
18th Oct 20178:52 amRNSResult of Placing
18th Oct 20177:00 amRNSProposed Acquisition of Seachill and Placing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.