Swiss food company Huegli Holding has acquired UK-based Contract Foods for an undisclosed sum.
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The previously privately-owned company specialises in the manufacture of functional dry blended food products including supplements, sports and slimming products, and instant beverages.
Contract Foods has annual sales of GBP8.5m (US$16.7m) and operates mainly in the UK. Huegli’s existing UK business comprises local subsidiary Huegli UK Ltd.
The company is expected to continue its planned growth within the Huegli Group and will remain an independent subsidiary.
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By GlobalData
