Premier Foods continued to hit the headlines over the past month. Rumours of an impending sale of its Hartley's jams brand to US group Hain Celestial for around £200M followed hot on the heels of the announcement that the food group had sold its...
Premier Foods’ facilities at Histon and Knighton remain “prime candidates” for sale, after the firm’s disposal of its vinegar and sour pickles business based at Middleton, last week to Mizkan for £41M, according to City analyst Panmure Gordon.
Premier Foods could be targeted lock, stock and barrel by China's acquisitive Bright Foods, analysts have suggested, after the UK’s largest food manufacturer announced it had found a buyer for its vinegars business today (June 15).
Tumbling bread sales in the UK and an over aggressive acquisition strategy from previous management has significantly contributed to Premier Foods’ share price plummeting more than 90% since its purchase of Hovis in 2005.
Premier Foods will be keen to make further disposals ahead of any deal with its lenders, according to city analysts, after Manchester jam manufacturer Duerr’s confirmed it was still considering a bid for Hartley’s jam.
As pressure mounts on troubled food giant Premier Foods, the firm clarified its Power Brand strategy based on stronger supplier partnerships and hired the financial services firm PricewaterhouseCoopers to handle crunch talks with its banks.