Premier Foods to sell its canned food business

Premier Foods, the UK food company that produces Branston baked beans and Batchelors soups, has agreed to sell much of its canned foods business to Princes.

In a £182 million (US$292m) deal that is subject to a number of conditions, the Premier Food canning operations at Long Sutton in Lincolnshire and Wisbech in Cambridgeshire will become part of Liverpool-based Princes whose business will grow to £1.5 billion ($2.4bn) a year.

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