Sector News

France’s Tereos to buy British sugar distributor Napier Brown

April 29, 2015
Food & Drink
(Reuters) – French sugar maker Tereos has agreed to buy sugar distributor Napier Brown Sugar from Britain’s Real Good Food for 34 million pounds ($52.27 million), in a bid to put itself in a better position for the deregulation of the European market.
 
The protected EU sugar market will see a dismantling of production quotas in October 2017, which will enable beet sugar producers like Tereos to compete freely on world markets, potentially exporting refined sugar around the world.
 
“The changes taking place within the European sugar market mean that the future of this business is best served by it becoming part of an international production group,” said Pieter Totté, executive chairman of Real Good Food.
 
Tereos, the world’s fifth largest sugar maker, said the deal would also strengthen its position in the UK, a major market for French producers, by broadening its product range and improving its distribution network.
 
Founded 90 years ago, Napier Brown is Europe’s largest independent sugar distributor and distributes around 300,000 tonnes of sugar per year.
 
Tereos said the deal, subject to Real Good Food shareholders’ approval, was expected to complete by the end of May 2015.
 
($1 = 0.6505 pounds)
 
By David Brough and Sybille de La Hamaide (Editing by Louise Heavens)
 

Related News

February 21, 2021

Zero Waste Europe and ECOS tell EU “mass balance approach” is damaging plastics circular economy

Food & Drink

The signatories delivered a joint letter yesterday evening to the EC advising it to establish a “transparent, ambitious, and circular ‘chain of custody’” method instead.

February 21, 2021

Beyond the Bag Challenge reveals nine winners: “No single answer” to plastic bag pollution crisis

Food & Drink

Funded with US$15 million, the competition took off last July, prompting “suppliers, designers and problem-solvers” to submit environmentally sustainable design solutions and standard plastic bag alternatives.

February 21, 2021

Carlsberg to trial low-carbon glass beer bottles

Food & Drink

Carlsberg Marston’s Brewing Company has partnered with Encirc to trial a glass beer bottle that has the potential to cut the carbon impact of its bottles by up to 90%.

Send this to a friend