Pammure’s Damian McNeela said that following its merger with Uniq, the firm had emerged as “a leading supplier in the UK private- [own-] label food sector and should be well placed to capitalise on the established growth trends in the sector.”
The firm’s recent US acquisitions – including sandwich and sushi business HC Schau – plus a $50M contract win put the firm on track to deliver free cash flow of £53.5M in financial year 2014.
The UK convenience food sector continues to deliver resilient growth ahead of the wider socio-demographic trends, said McNeela. “Greencore’s broad customer base and market leading positions in these relatively higher growth categories should ensure that it is well-placed to capture market share and drive incremental category growth through new product innovatins,” he added.
For more on Greencore’s recent US acquisitions, click here.