PREMIER FOODS PLC ("PREMIER")
Proposals to restructure UK manufacturing facilities and acquisition of Chivers Ireland
Premier, one of the leading suppliers of grocery products in the UK, has announced consultation on the proposed closure of its factories in King&##8217;s Lynn (Norfolk) and Ashford (Kent) and the expansion of three other UK food production sites. The proposal is for the King&##8217;s Lynn factory to close by December 2007 and the Ashford factory to close by May 2008.
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PREMIER FOODS PLC
PROPOSED ACQUISITION OF CAMPBELL''S UK & IRELAND
FULLY UNDERWRITTEN RIGHTS ISSUE TO RAISE
APPROXIMATELY £450 MILLION
Premier Foods plc today announces the proposed acquisition of the UK and Irish businesses of the Campbell Soup Company ("Campbells UK") for £460 million on a debt-free, cash-free basis.
The Acquisition is intended to be funded primarily by a fully underwritten Rights Issue raising gross proceeds of approximately £450 million.
''Cauldron Foods joins Premier Foods'' Healthy Eating Portfolio for £27.0m
Premier Foods plc (“Premier”) announces that it has completed the acquisition of Cauldron Foods Ltd (“Cauldron”), a leading manufacturer of branded, chilled meat free products, from Rayner & Co (Investments) Limited for £27.0m. The consideration was satisfied through a cash payment.
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.
Premier agrees disposal of the tea business to Apeejay Surrendra Group
This announcement replaces the “Tea business disposal” issued this morning under RNS number 6076S. In the paragraph ''Recent Results'' the column headings have been reversed to reflect the 2005 results stated in the leftmost column.
Premier Foods plc (“Premier”) announces that it has agreed to sell its tea business to Apeejay International Tea Limited, a subsidiary of the Apeejay Surrendra Group (“Apeejay”), for £80 million.The consideration will be paid in cash and the transaction is expected to complete shortly.Premier will use the proceeds to reduce net debt.
Category leading “Quorn” brand enhances Premier Foods'' branded portfolio
Premier Foods plc (“Premier”) announces that it has agreed to acquire Marlow Foods Holdings Ltd (“Marlow Foods”) the owner of Quorn, the UK''s leading meat alternative brand, from Montagu Private Equity (“MPE”) for £172m1. The consideration will be satisfied through a cash payment and completion is expected to take place later today.
The Food Standards Agency has advised Retailers and Food Manufacturers to withdraw from the sale of any products, which may contain Worcester Sauce, supplied to them from a specific batch manufactured by Premier Foods. This statement does not relate to Worcester Sauce supplied by any other food manufacturer.
Hicks, Muse, Tate & Furst ("HMTF"), through its portfolio company, Premier Foods ("Premier"), today announces the acquisition of the Ambrosia and Brown & Polson brands from Unilever Bestfoods UK for an undisclosed sum. These brands enjoy an extremely strong heritage and substantial consumer awareness in their respective markets.
Share price PFD.L 90.00 GBP 1.00 GBP (1.12%) | 24/07/2008 10:21 | Data delayed by 20 min from the LSE, provided by Reuters. Disclaimer.