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Greencore To Sell Bottled Water Business

Greencore To Sell Bottled Water Business

Proceeds from the disposal to be used to reduce group borrowings Greencore Group, an international producer of convenience food, and an ingredients supplier with operations in Ireland, the UK, the US, The Netherlands and Belgium, has agreed to sell its bottled water business to Highland Spring. Greencore Water is a supplier of customer branded water in the UK, which operates from two facilities located at Campsie Springs in west Scotland and Blaen Twyni in Wales. In the year ended September 25, 2008, Greencore Water generated a loss before taxation of GBP3.8m. As of September 28, 2008, the company's net assets were GBP15.9m and gross assets amounted to GBP21.2m. [...more]

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Tuesday, January 23, 9:54 pm

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