Mitsubushi to sell North West food giant Princes in £700m deal
Mitsubishi Corporation, which has owned the Liverpool-headquartered group since 1989, is to sell it to Italian dood multinational Newlat Food S.p.A.
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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.
Newlat Group, a publicly listed multi-channel player in the branded food segment, has acquired Princes Group from Mitsubishi for GBP 700 million.
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