Greencore Group has bought UK-based The Sandwich Factory from Cranswick in a deal worth up to £15 million (€18 million).
The Sandwich Factory produces food-to-go products for the convenience store and food service channels, and will grow Greencore’s presence in the food-to-go market outside its core business, which currently concentrates on large grocery customers, and could boost the company’s overall capacity in Greencore’s food-to-go business.
“This acquisition makes strong strategic sense for Greencore, given our ongoing focus on the food-to-go market,” said Greencore chief executive Patrick Coveney. “The Sandwich Factory will extend our reach into customer channels in which we are currently under-represented, notably convenience stores and the travel sector, and will also bring new product types into the Greencore portfolio. We are delighted to be adding more capacity to our manufacturing network, and to be welcoming new colleagues to our business.”
The Sandwich Factory recorded £42 million in net revenue from manufactured products for the year ended March 31st, 2016.
By Ciara O’Brien
Source: Irish Times
Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.
After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.
The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.