UK: Premier Foods in “constructive” talks with McCormick
Having previously rebuffed an approach by US firm McCormick, UK food manufacturer Premier Foods has announced that it is now in “constructive” talks with the spice and seasonings giant over a possible takeover deal. In an update posted on the firm’s website, Premier Foods said that it had arranged to meet its main institutional investors “to […]
UK: Nissin Food acquires minority stake in Premier Foods
Japanese food manufacturer Nissin Food has acquired a 17.27% shareholding in British food manufacturer Premier Foods from an existing shareholder. Announcing the deal in a statement, Premier Foods, which own brands such as Mr Kipling and Bisto, said that the Japanese company “understands and supports Premier’s ambitions”. As part of the move, Nissin Food has […]
Dried soup branches out with texture and flavour innovation
The latest innovation insight from Gama Compass™ MANCHESTER – 7th January 2016: For the first innovation focus of 2016, we look at a product launch that aims to breathe new life into the instant soup category through a “premium” offering that highlights the benefits of satiety, texture and flavour – Batchelors Cup A Soup Deliciously […]
UK: Premier Foods introduces milkshake-flavoured Mr. Kipling cake slices
The UK’s leading cake brand – Mr. Kipling – is seeing its range expanded with the launch of three new flavours inspired by popular milkshakes, according to a report in FDIN. The new Mr. Kipling Milkshake Slices have been launched as part of the brand’s ‘snack pack’ offering, designed to cater to the needs of […]
UK: Hovis bakery in Leicester to close by January 2015
Premier Foods has announced its intention to close its Hovis plant in Leicester, UK as part as of a plan to “simplify” production. At the beginning of the year Premium Foods sold 51% of Hovis to the Gores Group and the business is now run as a joint venture. The deal was established to allow […]
UK: Premier Foods Group announces refinancing plan after profit and revenue fall
Premier Foods has announced a detailed plan to recapitalise its balance sheets, including issuing £353m ($588.7m) in new shares, following a drop in its full year profits and revenues. According to Just Food, this injection of capital will help Premier Foods tackle its high debt levels. The group ended 2012 with net debt of around […]