date:Jan 17, 2014
nt food solutions in South Africa and Brazil.
As per the agreed terms, all the assets and employees of Spring Valley Foods move to the new owner.
Bakkavor Group CEO Agust Gudmundsson said, The disposal reflects our continued focus on the core markets which are key to our long-term growth strategy.
In December, the company reported the sale of its ready meals unit Heli Food Fresh in Czech Republic to Yazico Investments and Axentia Financial Consultants for an undisclosed amount.
In May, it cl