As part of its strategy to transition part of its ready meals portfolio to fresher ready meal propositions, Greencore Group is proposing to phase out longer life ready meals manufacturing at its Kiveton site.
Greencore Group plc is an international producer of convenience food and employs approximately 15,000 people in 28 manufacturing facilities across the UK and the US.
On average, the company manufactures around 1.5 billion sandwiches, over 600 million salad and lunch kits and 140 million ready meals every year.
Growth in its Q3 trading update was driven by the Food to Go business, where reported revenue increased by 10.7%.
The group recorded revenue of £639.6m in Q3, an increase of 0.5% on the previous year on a reported basis.
The phased closure of a desserts manufacturing facility in Evercreech was completed in June and the site was subsequently divested.
The trading update revealed the news that Greencore is now proposing to phase out longer life ready meals at its Kiveton site.
Kiveton will continue to manufacture quiche and soup, and transfer volume to other parts of its ready meal network.
In the report, Greencore states: “The proposal requires employee consultation and if agreed, the proposed closure of the ready meal unit will occur in March 2019, incurring modest cash costs.”
Greencore has also announced that Peter Haden, currently group chief operating officer, has been appointed to the newly created role of chief executive officer of Greencore UK, effective October 2018.
