Industry & Business

Further Disposals by Bakkavor

Further Disposals by Bakkavor

Further Disposals by Bakkavor
January 16
12:36 2014

Bakkavor, the UK’s leading fresh prepared foods manufacturer, has completed the sale of Spring Valley Foods, its South African prepared fruit business, to In2food Group, a provider of convenient food solutions in South Africa and Brazil. As part of the sale all employees and assets transfer to the new owner. Financial details of the deal were not disclosed.

Agust Gudmundsson, group chief executive of Bakkavor, explains: “The disposal reflects our continued focus on the core markets which are key to our long-term growth strategy.”

Late last year, Bakkavor disposed of Heli Food Fresh, its ready meals operation in the Czech Republic, to Yazico Investments and Axentia Financial Consultants for an undisclosed consideration. Heli Food Fresh specialises in the manufacture of chilled and pasteurised ready meals for the Central European retail market.

“This sale is another important step for the group as part of our strategy to focus on the markets which offer us the best opportunities for growth,” says Agust Gudmundsson.

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