Focus: Premier asset sales fail to quell concerns
By Dean Best | 6 July 2012
Premier Foods plc, the UK food group, today (6 July) announced another asset sale. It has sold ethnic flour business Elephant Atta to Associated British Foods, its latest disposal of businesses it deems "non core" as it looks to strengthen its finances. There are some concerns, however, that the deals already announced - and those in the offing - will be enough to ease the pressure on Premier. Dean Best reports.
just-food articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Premier Foods plc, the UK food group, today (6 July) announced another asset sale. It has sold ethnic flour business Elephant Atta to Associated British Foods, its latest disposal of businesses it deems "non core" as it looks to strengthen its finances. There are some concerns, however, that the deals already announced - and those in the offing - will be enough to ease the pressure on Premier. Dean Best reports.
- Unlimited access to all the latest global food news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-food market research
- Plus much more
If you’re already a member, login here
More articles related to this one
just-food review of 2012: M&A revival but caution hinders big deals
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. However, a look at just-food's M&A coverage this year shows there have been few big-ticket, transformational deals.
just-food's most-read news stories in 2012
It's the time of the year when we look back at the 12 months just past to see what was getting you clicking on just-food. The ten most-read news stories of 2012 include UK grocers signing a code of conduct on promos and Tesco announcing it would put traffic-light labels on its food in the UK. Tesco's likely exit from the US also proved popular, as did a series of M&A stories, including major deals by Hain Celestial, R&R Ice Cream and Hershey.
UK: Premier forms two grocery business units
Premier Foods, which owns brands including Ambrosia custard and Bisto gravy, has restructured its grocery operations and set up two business units.
Market research related to this article
Premier Foods plc
Datamonitor's Premier Foods plc - SWOT Analysis company profile is the essential source for top-level company data and information. Premier Foods plc - SWOT Analysis examines the company’s key business structure and operations, history and products, ...
Premier Foods plc (PFD) - Financial and Strategic SWOT Analysis Review
Premier Foods plc (Premier Foods) is the manufacturer and supplier of food and related products in the UK and Ireland. The company offers its own-label products in variety of food categories, which includes ambient grocery sectors such as soups, vege...
Associated British Foods plc - SWOT Analysis
Associated British Foods plc - SWOT Analysis company profile is the essential source for top-level company data and information. Associated British Foods plc - SWOT Analysis examines the company’s key business structure and operations, history and pr...
