Tue, 03 Apr 2012 | MERGER
A merger between Premier Foods and Symington's is on the cards as a number of private equity firms are reportedly looking to unite the two food companies.
The merger would only involve some of the food companies' brands, but they are some of the most well-known brands in the UK. Angel Delight, Bird's, Sarson's vinegar and Robertson's marmalade are all being considered for a sale by Premier Foods; while Symington's is looking at selling Ragu, Aunt Bessie's and the rights to Campbell's soups.
Premier needs to sell some of its brands in order to raise money to pay off its £1 billion debts racked up during a spending spree that included Mr Kipling owner RHM. Symington's, meanwhile, has been put up for sale by its shareholders.
Permira and PAI Partners are among the private equity houses involved in the discussions. Damian McNeela, analyst at Panmure Gordon, told foodmanufacturer.co.uk: “We believe that the combination of these brands would create sufficient scale to be attractive to private equity and, in doing so, creates a credible purchaser for Premier's non-core assets.”
Online retailer and distributor of own branded lighting products with global sales in over 90 countries, based in Essex, UK. Offering a comprehensive range of competitively priced, functional and decorative lighting solutions.
A popular pan-Asian restaurant and takeaway chain with the intellectual property for their own selection of sauce. The business currently holds five restaurants under direct management and two franchised restaurants. The company is constantly expandi...
LEASEHOLD
Well established, cash generative, leading consumer electronics distributor, with a vast portfolio covering electronics, audio visual, sound, light, public address and MI trades. Owners of individual brands with good known growth opportunities.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.