Nomad Foods’ £210m acquisition of frozen food brand Aunt Bessie’s represents “a very good deal” for its current owner, William Jackson Food Group (WJFG), an industry expert has claimed.
The owners of Young’s Seafood have confirmed that the business is up for sale, causing further confusion for the 450 jobs at risk at its Pinneys site in Annan.
Up to 450 jobs are at risk at Young’s Seafood’s Annan site in the south of Scotland, while it plans to create 200 jobs in Grimsby after winning three new contracts with retailer Marks & Spencer (M&S).
Goodfella’s Pizza should deliver sales of £133m and up to £22m in profit within two years of it completing the acquisition, according to Birds Eye owner Nomad Foods.
UK sales of frozen food will top £10bn according to the British Frozen Food Federation (BFFF), which has reported growth in both retail and foodservice.
