Premier Foods plc
17 October 2005
Disposal of Jonker Fris
Premier Foods plc ('Premier') announces that it has reached an agreement in
principal to sell Jonker Fris B.V. and Premier Foods B.V. (together 'Jonker Fris
') to NPM Capital B.V., a Dutch private equity firm. Completion is expected to
take place before the end of the year and is subject to clearance from
regulatory authorities.
Jonker Fris, based in The Netherlands, manufactures and sells canned vegetables
and fruit principally for private label customers in The Netherlands and
Germany. The book value of the gross assets of the companies being sold was
£17.3 million at 2 July 2005.
Robert Schofield, Chief Executive of Premier, said:
'The sale of Jonker Fris is in line with our strategy of actively managing our
portfolio of businesses to focus on leading UK brands with leading market
positions and growth potential.'
For further information, please contact:
Premier Foods plc Tel: 01727 815 850
Paul Thomas, Finance Director
Robert Lawson, Director of Mergers & Acquisitions and Investor Relations
Gwyn Tyley, Investor Relations Manager
Citigate Dewe Rogerson Tel: 020 7638 9571
Sara Batchelor,
Anthony Kennaway
This information is provided by RNS
The company news service from the London Stock Exchange
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