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Premier's meat-free sale expected to complete in March

by Ian Biggs - 24/02/2011

Premier's meat-free sale expected to complete in March

"PREMIER FOODS' £205m sale of its meat-free business, including the Quorn brand which is based in North Yorkshire, is expected to be completed by early March"

Exponent Private Equity and Intermediate Capital Group have agreed to buy the business, which manufactures and sells products under the Cauldron and Stokesley-based Quorn brands.

Premier said today it had posted a circular to shareholders in relation to the sale.

Shareholders will be asked to vote on the deal at a meeting in London on March 3.

The disposal is also conditional upon consent required from Premier's lenders.

More Details: http://www.thebusinessdesk.com/yorkshire/news/129429-premier-s-meat-free-sale-expected-to-complete-in-march.html