date:Jun 19, 2014
ing ingredients will be licensed to the joint venture for a period of five years, which also includes a call option for the joint venture to purchase Brown Polson for 2.75m. Premier Foods will retain all of its other brands currently manufactured at the Knighton site.
Specialty Powders has approximately 3m of existing debt which will be repaid on completion using the proceeds from a loan from the joint venture. Premier Foods will receive a promissory note to match this principal amount which w