Northern Foods dismisses bakery division sale rumour

28 April, 2006
Page 6 
Northern Foods has dismissed press reports it is planning to sell its £300 million turnover bakery division as “pure speculation”. A report in the Sunday Times on April 23 said Northern Foods’ board would discuss a potential sale of the division at a meeting this week.
The division includes premium cake and pastry supplier Park Cakes, Fox’s biscuits, Christmas puddings company Matthew Walker and the Smiths flour milling business.In March, Northern Foods announced a strategic review, saying its bakery and pastry divisions had been seriously hit in the early weeks of 2006 (British Baker, March 17, pg 4). Biscuit sales were down 12% year-on-year and pastry sales down 11% in January and February, it said. The results of the review will be revealed at the company’s AGM on May 31.



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