Greencore seals deal for Bakkavor as H1 profits surge

Food-to-go group Greencore agrees £1.2bn takeover of rival Bakkavor

The groups warned over job cuts and factory closures as part of aims to save at least £80 million in costs a year after the deal.

Greencore seals €1.4bn deal for rival food-to-go manufacturer Bakkavor

Bakkavor's retail customers include Tesco, M&S and Waitrose, while Greencore supplies all major UK supermarkets.

Greencore seals deal for Bakkavor as H1 profits surge

Convenience food manufacturer Greencore has reported a big jump in profits for the six months to March 28 and also said it has agreed the terms of a recommended acquisition of rival Bakkavor Group.

Greencore Takes Over Bakkavor for £1.2B - USA Herald

Greencore Group PLC, Ireland’s leading sandwich and convenience food producer, announced today that it has entered into a definitive agreement to acquire Bakkavor Group PLC, a major UK ready-to-eat meals manufacturer, in a cash and share transaction valued at approximately £1.2 billion ($1.6 billion). The transaction, which Greencore describes as a strategic move to create a U.K. convenience food powerhouse, has already secured the support of 69…

Greencore's £1.2bn Bakkavor acquisition takes step forward - East Midlands Business Link

Greencore’s £1.2 billion acquisition of Bakkavor has taken a step forward with the boards of both companies agreeing the terms of a recommended acquisition. The transaction, which Bakkavor is unanimously recommending to shareholders, would create a leading UK convenience food business with a combined revenue of £4 billion and approximately 30,500 employees. The businesses believe […]

Greencore takeover bid receives majority approval from Bakkavor shareholders

Greencore moves step closer to sealing Bakkavor takeover as both boards have now put their recommendations behind the transaction.The post Greencore takeover bid receives majority approval from Bakkavor shareholders appeared first on Just Food.