Chilled food manufacturer Greencore has reported “a breakthrough year”, with revenue up 44.5% to £1,161.9M due to acquisitions and “business momentum”, for the full year to September 28 2012.
The industry views Greencore's plans to take over troubled own-label chilled foods business Uniq in a cash bid valued at £113M as a consolation prize for its failure to get its hands on Northern Foods. The latter was snapped by Ranjit Boparan, owner...
Chilled foods firm Uniq has announced that production of ‘everyday’ desserts will end at Minsterley in the first half of 2012 with the loss of around 350 jobs.
Greencore has announced the terms of a recommended cash offer for Uniq worth £113m, which values the chilled and convenience food firm at 96p per share.
Greencore ceo Patrick Coveney has told FoodManufacture.co.uk that he is “highly confident” that his company’s £113M cash offer for Uniq will be successful.
Uniq’s troubled desserts division, Minsterley, is likely to derail rumoured bids for the company by either Greencore or possible new suitor Samworth Brothers, say experts.
Uniq ceo Geoff Eaton says retailers cannot continue to demand bespoke desserts for rock-bottom prices, following his firm’s recent review of this arm of its business.
Greencore has refused to comment on rumours that it has appointed bankers to explore a possible £100m takeover of chilled food group Uniq, while Brookes/Avana may also be on the firm's radar after Premier Foods said it is willing to consider offers...
Food sector M&A experts believe it is more likely that a trade buyer – rather than a private equity player – could bid for convenience food firm Uniq, after its board announced a "number of indications of interest from third parties" in...
Uniq’s pension fund has appointed financial advisor Spayne Lindsay to sell its 90.2% holding in the chilled foods firm, which it only acquired from on March 24, while ceo Geoff Eaton told FoodManufacture.co.uk he feels "unconstrained" after...
A deal that will see Uniq tackle its gaping pension fund deficit by handing over more than 90% of its shares to its pension scheme has finally been cleared after months of negotiations.
Chilled convenience firm Uniq said Christmas trading was “close to expectations” in the fourth quarter with a weaker performance in desserts (down 1.7%) offset by a strong performance in food-to-go (up 8.3%).
Marks & Spencer's decision to introduce branded products into its stores is good news for its own-label suppliers, according to the firm making more than half of its sandwiches and most of its desserts.
Uniq has appointed Stephen Draisey as md of its UK business.Draisey, 48, has held a number of senior positions during a 17 year career with Bakkavor,...
