Irish food group Greencore has sold its UK bread business Rathbones Bakeries to Finedon Mill for 30m euros.
The move completes Greencore’s disposal of its UK bread interests in a bid to concentrate on its growing convenience food categories and reduce debt.
Rathbones is a private label bakery supplier operating eight bakeries in England and Wales.
Greencore boss David Dilger said: “The disposal of Rathbones completes the exit from the bread market in the UK, a positive development for the group both commercially and financially.”
The move completes Greencore’s disposal of its UK bread interests in a bid to concentrate on its growing convenience food categories and reduce debt.
Rathbones is a private label bakery supplier operating eight bakeries in England and Wales.
Greencore boss David Dilger said: “The disposal of Rathbones completes the exit from the bread market in the UK, a positive development for the group both commercially and financially.”
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