Premier Foods Continues To Shed Assets As Boparan Builds Private Label Scale

UK-based Premier Foods has announced the sale of its loss making chilled food division Brookes Avana to the 2 Sisters Food Group in a deal worth GBP30mn. The sale comes as Premier Foods continues to look for ways to cut its massive debts, which stand at close to GBP1.3bn. This sale will only make a small dent in its debt pile, but suggests that the company remains willing to shed assets to put itself on a more sustainable path.

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