Premier Foods sale expected to complete in March
PREMIER Foods said today that the £205m sale of its meat-free business is expected to be completed next month.
Exponent Private Equity and Intermediate Capital Group have agreed to buy the business, which manufactures and sells products under the Cauldron and Stokesley-based Quorn brands.
A circular has been posted to shareholders in relation to the sale, the company said today.
Shareholders will be asked to vote on the deal at a meeting in London on March 3.
The disposal is also conditional upon consent required from Premier’s lenders.