Premier Foods has completed the disposal of its Brookes Avana business to 2 Sisters Food Group for £30m.
The UK’s largest food supplier said the sale had been completed on a debt-free and cash-free basis, following the announcement that it was to dispose of the business back in December.
The Brookes Avana business, which consists of RF Brookes chilled foods and Avana Bakeries, was acquired by Solways Foods, part of 2 Sisters Food Group. The sale included three manufacturing sites in Newport (RF Brookes and Avana Bakeries) and Leicester (RF Brookes), with more than 2,000 employees due to transfer with the business.
Last month, Premier Foods also agreed to sell its four Irish brands – Gateaux, Chivers, McDonnells and the Erin licence – to The Boyne Valley Group for £34.7m.