Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK’s biggest sandwich maker Greencore agrees deal to create £4bn convenience food giant

by April 2, 2025
April 2, 2025
UK’s biggest sandwich maker Greencore agrees deal to create £4bn convenience food giant

Greencore, the UK’s largest sandwich manufacturer, has agreed a potential £1.2 billion deal to acquire rival Bakkavor, in a move that would create a £4 billion food-to-go powerhouse.

The two companies confirmed they have reached an agreement in principle for a cash-and-shares offer valuing Bakkavor at 200p per share. Under the proposed terms, Bakkavor shareholders would receive 85p in cash and 0.604 Greencore shares for each Bakkavor share, in addition to the final dividend of 4.8p a share.

The agreement follows two earlier bids from Greencore that Bakkavor rejected. However, Bakkavor’s board has now indicated it would be “minded to recommend” the new proposal unanimously, should Greencore make a formal offer.

Shares in Bakkavor rose by 5.7 per cent to 188p on the news, while Greencore shares edged down slightly to 178p.

The proposed deal remains subject to due diligence and regulatory approvals, but both parties see significant potential from combining operations — particularly in realising “substantial synergies” and economies of scale across their UK and international food-to-go operations.

Greencore, headquartered in Dublin and listed in London, operates 14 factories in the UK, producing nearly 750 million food-to-go items a year and employing around 13,300 people. Bakkavor, headquartered in London, is a major supplier of freshly prepared foods, employing 18,000 staff across 42 sites in the UK, US and China.

The merged group would see Greencore shareholders owning 56 per cent of the combined entity, with Bakkavor investors holding the remaining 44 per cent.

The deal also includes a contingent payment mechanism for Bakkavor shareholders, should the company’s US business be sold within a year of the transaction’s completion.

Analysts at Jefferies said the potential benefits of increased scale and improved operational efficiencies could make the deal “firmly accretive”.

If completed, the acquisition would reshape the UK’s chilled and convenience food landscape — creating a manufacturing giant well-positioned to meet rising consumer demand for fresh, ready-to-eat meals in both domestic and global markets.

Read more:
UK’s biggest sandwich maker Greencore agrees deal to create £4bn convenience food giant

0
FacebookTwitterGoogle +Pinterest
previous post
Nine in ten manufacturing SMEs report skills gaps heading into 2025
next post
25,000 UK car industry jobs under threat as US tariffs loom

You may also like

Treasury’s bank referral scheme falls flat, securing loans...

November 4, 2024

Next in talks to take £15m stake in...

August 8, 2022

US inflation climbs to 3%, raising doubts over...

February 13, 2025

A Conversation with Guy Monseair: Fostering Leadership and...

August 13, 2024

Energizing Entrepreneurship: How NJ Ayuk Sees Natural Gas...

December 20, 2023

CBI warns Rishi Sunak against ‘doom loop’ of...

October 26, 2022

Labour’s VAT on private school fees set to...

January 3, 2025

What Benefits are Available with Cross-Platform Gaming for...

October 23, 2024

State pension set to rise by £400 amid...

September 5, 2024

Less than a quarter of Brits passed this...

July 3, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025
    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

      June 29, 2025
    • Britain’s fastest-growing firms revealed for 2025: Dfyne, Nala’s Baby and Hawkstone lead the charge

      June 29, 2025
    • Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

      June 28, 2025
    • Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

      June 28, 2025
    • Key blue state Republican says Senate’s local tax write-off offer is a ‘good deal’

      June 28, 2025

    Categories

    • Business (8,330)
    • Investing (2,081)
    • Politics (15,853)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved