GNC Greencore Group Plc

TIDMGNC

RNS Number : 4058F

Greencore Group PLC

15 June 2012

15 June 2012

Greencore announces disposal of its Minsterley facility to Muller

Greencore today announces it has reached agreement to dispose of its Chilled Desserts facility in Minsterley to the Muller Dairy UK group ("Muller") (the "Disposal").

Under the terms of the Disposal, ownership of the facility will transfer to Muller and the co-packing arrangement for Cadbury chilled desserts will terminate. Cash consideration will be GBP4.3 million, plus an amount for stock.

The disposal is expected to complete at the start of January 2013, by which time the transfer of production of other premium desserts lines and related manufacturing equipment to Evercreech will have been completed. This would then conclude the restructuring of the Chilled Desserts business, which Greencore acquired from Uniq in September 2011.

For further information, please contact

 
 Alan Williams          Chief Financial   Tel: +353 (0) 
                         Officer           1 605 1000 
 Rob Greening or Lisa   Powerscourt       Tel: +44 (0) 
  Kavanagh                                 20 7250 1446 
 

About Greencore

-- A leading international producer of convenience food with operations in the UK and the US

-- Strong market positions in the UK convenience food market across sandwiches, chilled prepared meals, chilled soups and sauces, ambient sauces & pickles, cakes & desserts and Yorkshire puddings

-- Extending presence outside the UK with an emerging convenience food business in the US

This information is provided by RNS

The company news service from the London Stock Exchange

END

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