Dalgety sells Pot Noodle

Ownership of the Pot Noodle snacks business changed hands yesterday when CPC, the US food group that owns Ambrosia rice pudding and Knorr soups, paid Dalgety pounds 180m for the company. The hot snacks business reported operating profits of pounds 16.5m on sales of pounds 62m in the year to June. Dalgety is selling its Golden Wonder snacks and Homepride sauce subsidiaries to concentrate on pet food, agri-business and food ingredients.

Investment Column, page 22