17th Oct 2005 07:00
Premier Foods plc17 October 2005 Disposal of Jonker Fris Premier Foods plc ("Premier") announces that it has reached an agreement inprincipal to sell Jonker Fris B.V. and Premier Foods B.V. (together "Jonker Fris") to NPM Capital B.V., a Dutch private equity firm. Completion is expected totake place before the end of the year and is subject to clearance fromregulatory authorities. Jonker Fris, based in The Netherlands, manufactures and sells canned vegetablesand fruit principally for private label customers in The Netherlands andGermany. The book value of the gross assets of the companies being sold was£17.3 million at 2 July 2005. Robert Schofield, Chief Executive of Premier, said: "The sale of Jonker Fris is in line with our strategy of actively managing ourportfolio of businesses to focus on leading UK brands with leading marketpositions and growth potential." For further information, please contact: Premier Foods plc Tel: 01727 815 850 Paul Thomas, Finance Director Robert Lawson, Director of Mergers & Acquisitions and Investor Relations Gwyn Tyley, Investor Relations Manager Citigate Dewe Rogerson Tel: 020 7638 9571 Sara Batchelor, Anthony Kennaway This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Premier Foods