Premier Foods gets out of pickle

30th Jul 2012 08:13

Premier Foods, the struggling food manufacturer, has completed the previously announced sale of its vinegar and sour pickles, including the Sarson's, Hayward's and Dufrais brands to Japanese firm Mizkan.The business was sold for a cash consideration of £41m on a debt free and cash free basis.Premier is currently re-focusing its business to centre around eight 'Power Brands', including Hovis, Oxo and Mr Kipling. The Sarson's and Hayward's brands are the leaders in their respective categories of malt vinegar and pickles in vinegar while Dufrais is the number two brand in speciality vinegar. NR