Hilton Food Group PLC Fresh Food Contract with Tesco Central Europe (8197O)
2017年8月24日 - 3:00PM
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RNS Number : 8197O
Hilton Food Group PLC
24 August 2017
24(th) August 2017
Hilton Food Group plc
Hilton Signs Fresh Food Contract with Tesco Central Europe
Hilton Food Group plc ("Hilton"), the specialist retail meat
packing business supplying major international food retailers in
Europe and Australia, is pleased to announce it has signed a long
term supply agreement with Tesco Central Europe ("Tesco") to
produce fresh food. This development supports Hilton's strategy of
providing key retail partners globally with a diversified food
offer.
The five year agreement will involve building a state of the art
factory in Poland, to produce items such as sandwiches, pizza,
ready meals and soups; this requires an investment of c.6m euros in
plant and equipment, as well as the construction of the factory
itself for which we are planning a sale and leaseback. It is
expected that production will begin in the first quarter of
2019.
Hilton and Tesco have also agreed to sign a further five year
long term supply agreement for Hilton to continue servicing Tesco's
Central European stores with pre-packed meat.
Commenting on the agreement, Hilton Chief Executive Robert
Watson OBE, said:
"We have a long and successful history of working with Tesco,
one of the world's biggest retailers. This agreement represents an
opportunity to enter a growing food segment of the market. We look
forward to seeing the positive effect our tried and tested business
model will have on this relationship, which will be supported by
our flexible and versatile approach to meeting local requirements.
We continue to look for further opportunities for geographic
expansion."
Matt Simister, Tesco Central Europe CEO, added:
"I'm delighted that we are extending our deep Group-wide
partnership with Hilton to bring new manufacturing investment and
capability to Poland. Our collective experience and expertise will
bring new, innovative and high quality fresh and convenient
products to our customers in Central Europe".
ENDS
Notes to Editors
About Hilton
Hilton Foods is Europe's leading specialist fresh meat retail
packing company supplying major retailers including Tesco, Ahold,
ICA, Coop Danmark and Sonae in Europe and Woolworths in Australia.
Hilton had sales of GBP1.2 billion in 2016 and employs around 3,000
people across its sites.
Each of Hilton's central meat packing plants are operated on a
dedicated basis for Hilton customers. Hilton's business model has
been adapted to meet local requirements with customers in each
country.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
About Tesco
Tesco is one of the world's leading retailers with 460,000
colleagues, serving millions of customers every week, from over
6,800 stores in countries across the UK and Ireland, Central
Europe, and Asia and online.
Enquiries:
Hilton Food Group plc Tel: +44 (0)1480 387214
Robert Watson OBE, Chief Executive
Nigel Majewski, Chief Financial Officer
Citigate Dewe Rogerson Tel: +44 (0)207 638 9571
Angharad Couch
Ellen Wilton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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