Agreement to Sell Cakes and Desserts Business

RNS Number : 1870D

Greencore Group PLC

29 January 2018

 

29 January 2018

GREENCORE GROUP PLC

Agreement to sell cakes and desserts business

Greencore Group plc ('Greencore'), the leading international convenience food business, today announces that it has reached an agreement to sell its cakes and desserts business in Hull to Bright Blue Foods Ltd, one of the UK's leading ambient cake manufacturers.

This sale, together with the announced closure of the desserts facility in Evercreech, marks Greencore's exit from the UK cakes and desserts sector.

For further information, please contact:

Eoin Tonge	Chief Financial Officer	Tel: [phone]
Jack Gorman	Head of Investor Relations	Tel: [phone]
Rob Greening or Lisa Kavanagh	Powerscourt	Tel: [phone]
Billy Murphy or Sarah O'Connor	Drury | Porter Novelli	Tel: [phone]

NOTES TO EDITORS

Greencore is a leading international producer of convenience foods with extensive operations in the UK and the US. Headquartered in Dublin, it employs approximately 16,000 people in 31 manufacturing facilities across the UK and the US. On average, it manufactures around 1.5 billion sandwiches, over 600m salad and lunch kits, and 140 million ready meals every year.

In the UK, it is a supplier of own-label convenience food products to all of the major UK supermarkets, and has world-class manufacturing sites with industry-leading technology and supply chain capabilities. It has strong market positions across sandwiches and other food to go products as well as complementary positions in other convenience food categories, including chilled prepared meals, chilled soups and sauces, ambient sauces and pickles, cakes and desserts and Yorkshire Puddings.

In the US, Greencore is a leading manufacturer of convenience food products for many of the largest food brands, convenience retail and food service leaders in the US. It produces a wide range of fresh, frozen and ambient products including sandwiches, meal kits and salad kits. It has a well invested network of high quality, scale facilities which supports the Group's ambitions to grow in value added, assembly-led, convenience food manufacturing.

For more information go to www.greencore.com or follow Greencore on social media.

 

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