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Greencore Completes Sale Of US Operations To Hearthside

Published on Nov 26 2018 1:24 PM in A-Brands tagged: USA / Greencore / Convenience Foods / Hearthside Food Solutions

Greencore Completes Sale Of US Operations To Hearthside

Convenience foods giant Greencore has announced that it has completed the sale of its Greencore US operations, to Hearthside Food Solutions.

In a statement on its website, Greencore said that the €863 million sale of the business was completed on 25 November.

In a statement, Hearthside Food Solutions said that the transaction 'marks a significant step in the further growth and development of Hearthside as a leading contract manufacturer', with the addition of 13 locations to its US-based manufacturing network.

Contract Manufacturer

“We continue to position Hearthside as a full-service contract manufacturing provider in key, high-growth categories, enabling our customers to maximise their go-to-market strategies, leverage innovation, increase speed-to-market and optimise efficiencies,” commented Rich Scalise, Hearthside chairman and CEO.

Hearthside's manufacturing operation now covers 38 locations, 10,000 employees and accounts for around $3 billion in revenue.

The Downers Grove, Illinois-based firm is largely involved in the production of nutrition and snack bars, as well as a full-service provider of high-quality snack food products and packaging services for third party brands.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine

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