Northern Foods and Greencore plan merger

first_img whatsapp John Dunne whatsapp Tags: NULL Wednesday 17 November 2010 3:11 am Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Northern Foods and Greencore plan merger Food manufacturer Northern Foods has agreed to merge with Ireland’s Greencore Group to create a combined group with annual sales of around £1.7bn.The deal will see the creation of a combined business to be named Essenta Foods which will be headquartered in Dublin, the companies said in a joint statement.Northern Foods shareholders will receive 0.4479 of a new Greencore share for each Northern Foods share they hold. Greencore and Northern Foods shareholders will hold about 50 per cent of the combined group.The companies are targeting cost savings of about £40m per annum to be realised within three years from the merger, which they expect will complete during the second quarter of 2011.“The proposed merger is a great opportunity to develop fully the potential of both companies,” Northern Foods chairman Anthony Hobson said.Northern Foods makes own-label products for retailers as diverse as premium food seller Marks & Spencer and discounter Aldi. Its brands include Goodfella’s Pizza and Fox’s biscuits. Greencore is one of Britain’s biggest sandwich and ready- meals-makers. last_img read more

Cadbury Nigeria Plc (CADBUR.ng) Q12015 Interim Report

first_imgCadbury Nigeria Plc (CADBUR.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2015 interim results for the first quarter.For more information about Cadbury Nigeria Plc (CADBUR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Cadbury Nigeria Plc (CADBUR.ng) company page on AfricanFinancials.Document: Cadbury Nigeria Plc (CADBUR.ng)  2015 interim results for the first quarter.Company ProfileCadbury Nigeria Plc manufactures and markets a range of chocolate malt drink mixes, sweets, powder beverages and chewing gums in Nigeria. The company was established in the 1950s to source cocoa beans from Nigeria for the Cadbury Group; it then branched into re-packing imported bulk products and grew rapidly into a fully-fledged manufacturing operation producing a range of popular Cadbury brands. Cadbury Bournvita is the company’s flagship product which is a brand of malted and chocolate malt drink mixes that has energy and nutritional properties. The company introduced other Cadbury brands into its range in the 1970s; TomTom, a large black and white sweet for soothing relief; Cadbury Buttermilk, a delicious sweet with a butter and mint flavour; Tang, a popular powdered beverage; and Clorets and Trident, brands of chewing gum. Cadbury Nigeria Plc has a 99.66% stake in Cadbury Nigeria Plc Cocoa Processing Plant which sources cocoa powder for the manufacturing of Cadbury Bournvita. Mondelez International has a majority equity-interest of 74.97% in Cadbury Nigeria Plc through its holding in Cadbury Schweppes Overseas Limited. The remaining 25.03% equity-ownership is held by a diverse group of Nigerian individuals and institutional shareholders. Cadbury Nigeria Plc’s head office is in Lagos, Nigeria. Cadbury Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

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