Blog: Northern and Ethnic Cuisine: then and now
Dean Best | 23 April 2010
So, we are set to see more consolidation in the UK convenience food business, not on the M&A front but, as Bakkavor CFO Richard Howes predicted on these pages earlier this month, through capacity being taken out of the sector.
The Ethnic Cuisine business in Swansea looks set to close, the latest ready-meals site shuttered or mothballed by Northern Foods in recent months.
Northern acquired Ethnic Cuisine in 2007. Back then, the company described the unit as a “profitable business” with a “strong reputation for producing high-quality ready meals".
However, yesterday, Northern changed tack, with the company admitting that the site was “struggling” at the time of its acquisition and required “significant” levels investment.
The imminent closure of Ethnic Cuisine is unlikely to be the last we hear of downsizing in UK ready meals.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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