Greencore sells cakes and desserts business to Bright Blue Foods
Our client, Greencore Group plc (‘Greencore’), the leading international convenience food business, today announced that it has reached an agreement to sell its cakes and desserts business in Hull to Bright Blue Foods Ltd (‘BBF’), one of the UK’s leading ambient cake manufacturers.
BBF was acquired in September 2015 by private equity investor, Endless LLP. The combined company will have turnover in excess of £140m and employ over 2,000 people across 5 sites.
This sale, together with the announced closure of the desserts facility in Evercreech, marks Greencore’s exit from the UK cakes and desserts sector.