Inside food & drink manufacturing
The European Commission (EC) has questioned the role played by the Polish authorities in Twinings’ application for a controversial €12m grant to build a factory that will see almost 400 UK jobs axed, but has not asked that the money be repaid.
Premier Foods has struck a deal with Exponent Private Equity and Intermediate Capital Group to sell its meat-free business Quorn and Cauldron Foods in a £205m deal.
The rollout of a fully-integrated order-to-cash system at Premier Foods’ grocery division is set for completion early next year.
All eyes are now on Greencore as investors and City analysts alike wait to see if the Irish firm can offer anything more compelling than Ranjit Boparan’s 73p a share cash offer for Northern Foods.
Administrators have closed the Leamington Desserts frozen desserts factory in Leamington Spa with the loss of more than 160 jobs after failing to sell it as a going concern.