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.
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.
Source:
http://www.just-food.com/news/greencore-acquires-sandwich-and-sushi-firm-hc-schau_id119602.aspx
