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If completed, the combined business would serve about 5,800 points of sale across 14 European countries.
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“The facility has operated under a unique single-customer model, but recent changes have made continued operations at the site no longer viable,” Tyson said.
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The German ready-meals group has got the green light for a project in the UK.
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The Australia-listed business has snapped up a company for which it already manufactures.
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McCormick CEO Brendan Foley – who will lead the enlarged business – set out why he believes in the prospects of the new business.
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"The current situation is unprecedented and hard to predict," said Dr Liliana Danila, chief economist at The Food and Drink Federation.
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Greenpeace Aotearoa sued the company in 2024, alleging it breached the law by using ‘100% New Zealand’ and ‘Grass Fed’ claims on its Anchor butter label.
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The owner of Sea Cuisine and Mrs. Paul’s brands said the move affects 35 employees and is intended to “further align its cost structure with current market conditions”.
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