Queensland Processing Facility for Woolworths Ltd.

RNS Number : 0237R

Hilton Food Group PLC

06 December 2016

 

6 December 2016

Hilton Food Group plc

("Hilton" or the "Group")

Queensland Processing Facility for Woolworths Ltd.

Hilton Food Group plc ("Hilton") announces that it is to proceed with plans to expand its packing capability in Australia, by constructing a new meat processing facility in Queensland, in order to supply Woolworths Ltd, the leading Australian retailer.

The development is subject to identifying and acquiring the site, government approvals and the negotiation and finalisation of construction and tenure agreements. It is proposed that Hilton's Australian subsidiary, Hilton Foods Australia, will finance the new food packing facility, with current target for the commencement of production of 2020. The new facility will be capable of supplying Woolworths stores in Queensland and adjacent areas of New South Wales, with a range of beef, lamb, pork and added value products.  It is expected that Hilton's investment in plant and equipment will be approximately AUS $ 115 m.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Enquiries:

Hilton Food Group plc Tel: [phone]

Robert Watson OBE, Chief Executive

Nigel Majewski, Chief Financial Officer

Citigate Dewe Rogerson Tel: [phone]

Louise Mason

Ellen Wilton

 

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