UK meat packer Hilton Foods Group said today (10 January) that it has entered into a joint venture agreement with Woolworths Ltd, Australia’s largest supermarket.
The deal establishes a new company, Woolworths Meat Co, in which Hilton Foods subsidiary Hilton Foods Asia Pacific Lts holds a 50% stake.
The firm will operate the Bunbury Meat Centre, which currently supplies 84 Woolworths stores in Western Australia with a range of fresh meat including beef, lamb and pork and value added products.
“The board of Hilton believes that good opportunities exist for further collaboration with Woolworths in Australia through the new joint venture,” Hilton said in a statement.
The UK meat group also revealed that its full-year performance was in line with expectations. The company said that its performance in the UK and Ireland was “solid” while sales in Sweden and Holland remained “steady”. In Denmark, the group’s automated picking facility is now successfully in place.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData