Princes, Campbell, General Mills - week in data
Princes sale to Newlat gets over line, Campbell Soup downsizes sites, General Mills rises to sales challenge, Proform Foods collapses
Source: just-food.com
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Princes sale to Newlat gets over line, Campbell Soup downsizes sites, General Mills rises to sales challenge, Proform Foods collapses
An agreement worth £700m has been reached for the acquisition of tinned foods giant Princes.
Food and drink group to be sold by Mitsubishi Corporation
Mitsubishi Corporation, which has owned the Liverpool-headquartered group since 1989, is to sell it to Italian dood multinational Newlat Food S.p.A.
Princes and Newlat Food will merge into New Princes Group, following the transaction.