2 Sisters Food Group (2SFG) has been forced to cut more jobs than it has created at a number of the production sites it has acquired over the past four years.
2 Sisters Food Group’s chilled food business Brookes Avana, acquired from Premier Foods last year, will be returned to profitability within two years, according to its new owners.
Food manufacturing giant Premier Foods has sold its Brookes Avana business, comprising RF Brookes chilled foods and Avana Bakeries, to 2 Sisters Food Group for £30M.
Analysts are growing increasingly edgy about the prospects for Premier Foods, with the company now almost certain to breach its agreements with lenders.
Premier Foods has refused to comment on rumours that it is close to selling its own-label chilled foods and cake business RF Brookes and Avana Bakeries to a major industry rival.
