According to report in The Mail on Sunday, Northern Foods is close to selling its transportation operations in an effort to refocus its business. However, a spokesperson from the company told just-food, such a decision would be delivered as part of the company’s previously announced strategic review.
Go deeper with GlobalData
Last month the supplier of private label products for leading supermarkets warned that profits for the 2005-6 financial year are expected to decline 28% to GBP45m. At the same time as it issued the profit warning, Northern Foods said that it would conduct a strategic review of its business.
Citing sources familiar with the situation, the UK weekly reported that the company has already lined up the sale of its NFT Distribution unit, which distributes Northern Foods’ own products along with providing transportation for other food companies.
Hilary Baker, director of communications at Northern Foods, declined to confirm the report, stating: “We’ve said that we are conducting a strategic review, but have not yet revealed its outcome.”
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
