UK meat processor Hilton Food Group has entered into a cooperation agreement with Portuguese retailer Modelo Continente Hipermercados (“Sonae”).
Under the terms of the agreement, Hilton will cooperate with Sonae to supply retail packaged fresh meat to its stores throughout Portugal. For the initial period of six-to-nine months, Hilton will work with Sonae to “improve” the group’s production facilities located in the country. Hilton said the sites will supply a “wide range of packaged meat”.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Hilton said it is expected that this agreement will lead to the formation of a joint venture “in due course”.
Commenting on the agreement, Hilton CEO Robert Watson said:”This is an exciting growth opportunity for Hilton Foods to work with Sonae, Portugal’s leading food retailer, utilising our tried and tested business model in the Portuguese market.”
“As we have previously demonstrated, our flexible and versatile business model enables us to meet local requirements with customers in each country and as such, we are able to enter new territories successfully. We continue to look for further opportunities for geographic expansion,” Watson added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
