Ireland-based convenience food group Greencore today (3 May) refused to comment on a report linking the business to a potential bid for Uniq, the UK sandwich and desserts maker.
Over the weekend, The Sunday Telegraph claimed Greencore was working with advisers from Barclays Capital to examine a move for Uniq, which is majority-owned by the trustees of its pension fund.
However, a spokesperson for Greencore, which missed out on buying UK rival Northern Foods after being trumped by chicken-and-fish processor Boparan Holdings, declined to comment when contacted by just-food.
Greencore has been linked to a number of food companies since its plan to merge with Northern fell through. As well as Uniq, Premier Foods plc’s private-label unit Brookes Avana has been touted by analysts as a possible target for Greencore.
Last month, Uniq announced that its pension fund – which owns 90.2% of the company following a deal over its pension deficit – was looking to sell at least part of its stake.
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By GlobalData