Sunday January 26, 2020

Convenience food supremo whets its appetite for new acquisitions

Food giant Greencore plans to ramp up sales of food-on-the-go options such as salads and snacks via strategic takeovers and new partnerships

Ian Guider

Markets Editor

@ianguider
29th September, 2019
Patrick Coveney, chief executive of Greencore, plans to expand the firm’s relationships with top British supermarket chains Pic: Kenneth O’Halloran

Food giant Greencore has said half the company’s growth in the next few years will come from acquisitions and that excess cash will be returned to investors via share buybacks.

Greencore, which makes three out of every five sandwiches sold in Britain every year, plans to capitalise on the growing trend for food-on-the-go and ramp up sales of salads, sushi, snack food and hot meals.

Patrick Coveney, Greencore’s chief executive, told The Sunday...

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