date:Oct 31, 2012
Food manufacturer Premier Foods moved closer to reducing its debt mountain today with the confirmation of a conditional agreement to sell its sweet pickles and table sauces business to Mizkan for 92.5M in cash.
The sale first announced last June includes Branston sweet pickle, ketchup, relish, salad cream and mayonnaise, together with the firms Bury St Edmunds factory in Suffolk. The deal is expected to be completed early next year. All employees at the site are expected to transfer to Mizkan