Premier is out of a jam after sell-off to the Americans
Friday 24 August 2012
The great British breakfast table will never be the same again after a swath of the country's best-loved jams, marmalades and spreads were yesterday sold to an American food group.
Hartley's and Robertson's jams, Frank Cooper and Keiller marmalades, Gale's honey and Sun-Pat peanut butter have been sold by debt-laden Premier Foods to Hain Celestial for £200m.
These classic accompaniments to morning toast follow the likes of Lea & Perrins Worcestershire sauce, Weetabix, Sarson's vinegar and Cadbury's Dairy Milk, which have been snapped up by foreign buyers in recent years.
Premier said that the deal takes the total raised by sales of its non-core businesses to £275m, putting it well on the way to its target of £330m by the end of 2014.
Hain Celestial will take over a factory at Histon near Cambridge, which produces most of the spreads and employs 380 people.
- 1 Strictly Come Dancing 2014: Gregg Wallace joins line-up as final celebrities revealed
- 4 Oil tanker with $100 million cargo goes missing off Texas coast
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
- < Previous
- Next >
iJobs Money & Business
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...
£50000 per annum: Harrington Starr: Financial Technical Consultant (C++, C#, F...