Premier Foods completes Speciality Powders deal
Premier Foods completed a joint venture with Speciality Powders to produce powdered foods and drinks at its Knighton factory, in June.
The joint venture will trade under the name of Knighton Foods and be led by majority shareholder and group md of Speciality Powders Mike Kirby.
Premier’s ceo Gavin Darby said: “This innovative agreement will help us improve the efficiency of Premier’s grocery infrastructure and, at the same time, allows us to benefit from a dedicated team with expertise that can support our powdered beverages and desserts business.”
The two companies aimed to combine dry powders manufacturing capabilities and assets at Knighton, home to its Bird’s, Angel Delight and Marvel brands. Premier is also transferring two production lines from Knighton to its Ashford factory in Kent now it has clinched the deal.
All 200 employees were expected to transfer to the joint venture.