Completion of Sale of Molasses Businesses

RNS Number : 3457H

Greencore Group PLC

02 December 2020

 

2 December 2020 

Greencore Group plc

Completion of Sale of Molasses Businesses

Further to its announcement of 28 July 2020, Greencore Group plc ('Greencore' or 'the Group'),  a leading manufacturer of convenience foods in the UK, today confirms that it has now completed the disposal of its interests in its molasses trading businesses¹ to United Molasses Marketing (Ireland) Limited and United Molasses Marketing Limited.

For further information, please contact:

Patrick Coveney	Chief Executive Officer	Tel: [phone]
Emma Hynes	Chief Financial Officer	Tel: [phone]
Jack Gorman	Head of Capital Markets	Tel: [phone]

¹ Premier Molasses Company Limited ("Premier Molasses") and United Molasses (Ireland) Limited ("UMI")

About Greencore

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. We supply all of the major supermarkets in the UK. We also supply convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers. We have strong market positions in a range of categories including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.

In FY20 we manufactured 619m sandwiches and other food to go products, 116m chilled prepared meals, and 264m bottles of cooking sauces, pickles and condiments. We carry out more than 10,000 direct to store deliveries each day. We have 16 world-class manufacturing sites in the UK, with industry-leading technology and supply chain capabilities. We generated revenues of £1.3bn in FY20 and employ approximately 12,200 people.

We are headquartered in Dublin, Ireland. For further information go to www.greencore.com or follow Greencore on social media.

 

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