Premier Foods invests in UK plant for Loyd Grossman cooking sauces [Yahoo! Finance]
PREMIER FOODS UNSP/ADR (PRRFY)
NASDAQ:AMEX Investor Relations:
premierfoods.co.uk/investors/investor-centre
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Source: Yahoo! Finance
The London-listed UK food major, which also owns The Spice Tailor and Mr Kipling product lines, said manufacturing of Loyd Grossman sauces had previously been conducted by a third party. It is now bringing production in-house at the company's facility in Worksop in the county of Nottinghamshire, a plan that will kick-off "early" in 2028. The investment at Worksop will be deployed in a phased manner through 2029, Premier Foods said in a statement today (18 November). "This will secure the long-term supply of the brand and is in line with a key pillar of Premier Foods' growth strategy to invest in supply chain capability to increase efficiency and productivity," the company added. Premier Foods also announced that it is extending its brand licensing agreement with the TV celebrity Sir Loyd Grossman. The agreement, which started in 1995, will be extended until 2034 with the option to add on another five years. According to the company's statement, the cooking sauce brand has s
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