The UK's Premier Foods has announced that it has reached an agreement in principal to sell Dutch fruit and vegetable company Jonker Fris to NPM Capital BV, a Dutch private equity firm.

Completion is expected to take place before the end of the year and is subject to clearance from regulatory authorities.

Jonker Fris, based in The Netherlands, manufactures and sells canned vegetables and fruit principally for private label customers in The Netherlands and Germany. The book value of the gross assets of the companies being sold was £17.3m (US$30.4m) at 2 July 2005.

"The sale of Jonker Fris is in line with our strategy of actively managing our portfolio of businesses to focus on leading UK brands with leading market positions and growth potential," said Robert Schofield, chief executive of Premier.