With Sale Of Molasses Business, Greencore Cuts Final Ties To Sugar Origins
The announcement that convenience foods business Greencore is to sell its interests in its molasses trading business is likely to go largely unnoticed by most shareholders – after all, analysts have long considered this aspect of business to be a non-core asset.
But for those familiar with the story of Greencore, the sale is particularly notable, as it sheds its operations of the last vestige of its origins on the island of Ireland.
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