Thursday July 2, 2020

Greencore’s Coveney says food giant in no rush to make new acquisitions

Coveney said the company intended to spend time assessing the best way to deploy its resources in its existing business in Britain once it returned most of the proceeds from the $1 billion sale of its American business to shareholders

Ian Guider

Markets Editor

@ianguider
9th December, 2018
Patrick Coveney, chief executive of Greencore: ‘We want a year of straightforward delivery’Picture: Kenneth O’Halloran

Greencore chief executive Patrick Coveney has said the food company won’t be bounced into making acquisitions following its exit from the United States.

Coveney said the company intended to spend time assessing the best way to deploy its resources in its existing business in Britain once it returned most of the proceeds from the $1 billion (€876 million) sale of its American business to shareholders.

Speaking to The Sunday Business Post, Coveney said he...

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