Meat alternative food manufacturer Quorn Foods has invested £7m in a new global innovation centre in the north east of England, as it posts £112m in like-for-like sales in its 2018 half-year results.
Quorn Foods has revealed a 50% increase in production capacity to meet a surge in global sales – particularly from the US and Europe – but has remained silent on reports of a takeover bid.
Quorn Foods is remaining quiet on reports that acquisition firm Nomad Foods and chip giant McCain Foods are preparing takeover bids for the meat-free food manufacturer, as it revealed a 50% boost in production capacity to meet surging export demand.
Quorn’s European potential has enticed WhiteWave Foods to consider acquiring the business, rather than its US credentials, according to one industry expert.
Quorn benefitted from the horsemeat scandal when panicking consumers and retailers turned to the meat alternative in the weeks following the incident in January 2013, the brand’s boss has claimed.
Under-investment was the reason why Quorn failed to realise its full potential under Premier Foods, the meat-free firm's ceo Kevin Brennan has told FoodManufacture.co.uk.
Quorn Foods’ new private equity owner has revealed ambitious international growth plans for the firm’s brands to build upon their “very prominent position” in the UK.
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.
An email from Premier Foods inviting recruitment agencies to stump up £10,000 to participate in its 2011 Preferred Supplier Programme (PSP) has been branded a “disgrace” by suppliers.
Premier Foods remains ‘open-minded’ about selling off assets - including its meat-free business - to pay off debts, provided the price is right, bosses have confirmed.
Premier Foods said its full-year results were in line with its expectations as it announced the sale of its RHM own-label frozen foods business.Chief...
