date:Sep 06, 2019
xciting opportunity to add further capacity to our manufacturing network and help drive growth and value for shareholders, says Patrick Coveney, CEO of Greencore.
In the 12 months ended December 2018, Freshtime generated revenues of 66million (US$80 million) and profit before tax of 5.6million (US$6.8m). Gross assets at December 31, 2018, were 22million (US$27 million).
Total consideration for the acquisition comprises an enterprise value of 56 million (US$68 million), cash on the acquired bal