
Greencore agrees acquisition terms with Bakkavor
Convenience manufacturer Greencore has agreed the terms of a recommended acquisition of Bakkavor Group plc.
Convenience manufacturer Greencore has agreed the terms of a recommended acquisition of Bakkavor Group plc.
Food manufacturer Bakkavor is to be purchased by manufacturer Greencore for £1.2 billion to create a company with a combined revenue of £4 billion.
Food manufacturer Bakkavor has said its 2024 performance was “strong” as its group revenue growth increased by 5.1% on the year.
Mike Edwards, CEO of food manufacturer Bakkavor, has stated that Unite the Union had been “encouraging its members to maintain strike action”, calling the action “disruptive”.
Over 700 workers at a Bakkavor site in Spalding, Lincolnshire are set to take strike action.