Dutch food manufacturing giant Vion has agreed a management buyout of its UK pork operations, safeguarding about 4,000 jobs. The new venture, backed by private equity firm Endless, will be led by Seamus Carr, md of Vion’s Pork ...
Tags: Vion, management buyout, UK pork operations
UK frozen food retailer Iceland Foods has reported a 14% increase in full-year profits as it reported a solid increase in sales despite fierce competition. Iceland booked net profit before tax of GBP147.5m (US$229.8m) for the 53 weeks to ...
Tags: UK, frozen food, Iceland Foods
A£5.6m management buyout of UK-based confectionery firm Lees Foods has been approved following a court hearing. The acquisition was delayed after shareholders expressed concern that the offer of 230p-a-share deal was too low. ...
Tags: acquisition, shareholders, court hearing
A management buyout is the"most likely"result of Vion's dramatic exit from the UK's meat processing market,according to City analysts. Investec Securities analyst Nicola Mallard told FoodManufacture.co.uk:"A management buyout is the most ...
Tags: Vion, meat processing market, management buy out, food businesses
A management buyout is the"most likely"result of Vion's dramatic exit from the UK's meat processing market,according to City analysts. Investec Securities analyst Nicola Mallard told FoodManufacture.co.uk:"A management buyout is the most ...
Tags: buyout, meat processing market, Vion
Doncaster-based provider of outsourced services, Direct Group has completed acquisition of Simple Insurance from Leeds-based UK General for an undisclosed amount. Direct Group chief executive Derek Coles said the company offers a range of ...
Tags: Direct Group, acquisition, Simple Insurance, insurance company
TESEQ AG,the Switzerland based manufacturer of EMC measurement and test devices,has won the Swiss Economic Award for 2012,the country's most important start-up company prize. TESEQ AG,which was founded in 2006 from the test device ...
Tags: EMC, TESEQ AG, Swiss Economic Award, 2012, Switzerland