The Real Good Food Company will focus on growth, partly through acquisitions, following the sale of its sugar subsidiary Napier Brown business, according to boss Pieter Totté.
The sale of sugar business Napier Brown was prompted by the 2017 abolition of EU sugar beet quotas and buyer Tereos will support its future growth, owner Real Good Food (RGF) has claimed.
Napier Brown, the sugar trading subsidiary of the Real Good Food Company (RGFC), is to create 80 new jobs at its West Yorkshire headquarters, after winning new business from supermarket Asda and food wholesaler Booker.
Sugar packager and distributor Napier Brown will create 20 new jobs at its facility in Normanton, West Yorkshire in a move welcomed by shadow home secretary, Yvette Cooper.
The Real Good Food Company (RGFC) reported at its AGM today that, having tackled the volatile sugar supply situation, new branded launches and a revamped bakery business mean it is on track to exceed market forecasts in 2011.
Real Good Food Company (RGFC) chairman Pieter Totté said he hoped the “difficult years” for sugar were over after the firm saw a slight increase in 2010 pre-tax profits, but warned that it would look abroad for stocks after sharp UK price rises.
