13th Dec 2007 07:01
Greencore Group PLC13 December 2007 CONTACT: MS. C.M. BERGIN TELEPHONE: +353 1 605 1004 FAX: +353 1 605 1104 GREENCORE GROUP PLC ("Greencore" or the "Group"), one of Europe's leadingconvenience food and malt producers, today announces two acquisitions. Greencore announces the acquisition of two UK based businesses, that willstrengthen our positions in both the foodservice and convenience store sectors.The Ministry of Cake company and Danone's mineral water facility have beenacquired at a total cost of c. £15 million. The Ministry of Cake is a producer of frozen cakes, cheesecakes and pastriesbased in Taunton, Somerset. It is a specialist supplier to the foodservicesector under the Ministry of Cake brand and customer own-brand. Its turnover in2007 was £16 million. Danone's well invested water facility in Blaen Twyni, produces natural andflavoured spring waters from the Twyni spring in the Brecon Beacons NationalPark. The facility was established in 2001 and will allow Greencore MineralWater to complement its existing facility in Lennoxtown, Scotland with access tothe strongly growing flavoured water market and convenience store channel. Commenting on the acquisitions Patrick Coveney, Greencore's chief executivedesignate said: "Our convenience foods division continues to compete inattractive product categories, growing at levels above the total food market anddelivering strong economic returns for both our customers and for Greencore.These are strategic acquisitions which will assist in the diversification of ourbusiness. The Ministry of Cake enhances our growing presence in the foodservicesector and the Blaen Twyni facility is a valuable addition to our thriving waterbusiness". For further information, please contact: Fergal Leamy, Convenience Foods Development Director +353 (0)1 605 1032 Eoin Tonge, Group Capital Markets Director +353 (0)1 605 1036 Billy Murphy or Anne-Marie Curran, Drury Communications +353 (0)1 260 5000 Rory Godson, Powerscourt +44 (0)207 250 1446 13th December, 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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