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The acquisition of Freshtime in September 2019 broadened our product proposition and is helping us to build scale in expanding food to go categories.
Freshtime is a well-established supplier of meal salads, chilled snacking and prepared produce in the UK. Its products are distributed primarily in the grocery and convenience channels and the business operates from a single facility in Boston, Lincolnshire.
The acquisition of Freshtime has extended Greencore’s presence in food to go salads and chilled snacking and its strong customer base is highly complementary to the Group’s existing portfolio. Freshtime’s production facility is well invested, with an established local supply chain and capacity for future growth.
It is a business and a customer profile that we know very well. It provides us with a good strategic fit and an exciting opportunity to enhance our product offering, add further capacity to our manufacturing network, and drive growth and value for shareholders.