GREENCORE GROUP ENTERS THE US CHILLED PREPARED FOODS MARKET (right here in the Port)
May 1
GREENCORE GROUP PLC ("Greencore" or the "Group"), one of Europe’s leading convenience food and malt producers, today announces the acquisition of Home Made Brand Foods Inc. ("HMBF"), a leading manufacturer in the chilled food market in the North East region of the United States. This acquisition marks the entry by Greencore into the growing chilled convenience food market in North America.
Based in Newburyport, Massachusetts, HMBF is a regional leader in fresh prepared food. It manufactures and supplies a range of fresh food products, including fresh prepared meals and salads, sandwiches and quiche to a customer base that includes leading regional retailers such as Stop & Shop, Hannaford and Publix. In the current year, HMBF expects to generate in excess of $40 million in revenues and has potential manufacturing capacity to increase this to $100 million within its existing facility. HMBF’s experienced management team, led by Rick Walters, will remain in place post the acquisition.
Home Made Brand Foods is in the Dexter industrial park. Maybe this international player taking root here will lure other major companies to our fine city.
Friday, May 2, 2008
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2 comments:
The British are coming? The last I heard, Dublin is still in Ireland. I think the snooze had this one right.
Actually, I looked it up and they have corporate entities in both England and Ireland. They described themselves in the press release as a "European" company. So I thought it was safe to go with the catchy title. Neither one is wrong per se, although neither one is strictly correct, either.
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