Irish food group Greencore has acquired US food-to-go manufacturer HC Schau & Son for US$17.3m, plus a further performance related payment of “up to” $2m.
The firm produces sandwiches, sushi and entrees sold through retail and convenience and foodservice customers. During 2011, Schau booked revenues of $32m, Greencore revealed.
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Greencore has looked to strengthen its presence in the US food-to-go market and strengthen its relationship with leading customers – notably convenience chain 7-Eleven – through M&A. To this end, Greencore completed the acquisition of Marketfare Foods in April.
For an in-depth interview with Greencore CFO Alan Williams on the acquisition and the company’s strategy and plans for the US, click here.
