Hain Celestial acquires sweet spreads and jellies business of Premier Foods
date:Oct 31, 2012
ding food retailers, food service, business-to-business and export companies in the country.

Premier Foods has been struggling with a debt of 1.3bn, which was built up through acquisitions of several brands including Homepride and Fray Bentos.

To lower its debt, the UK company announced in October 2011 that it would focus on eight 'power brands' that comprise Hovis, Mr Kipling, Ambrosia, Sharwoods, Oxo, Loyd Grossman, Bisto and Batchelors, and divest select businesses.
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