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Premier Foods has completed the disposal of its canned grocery operations to Princes in a cash deal worth 182m.
Princes has been ordered to offload the Fray Bentos brand by the Office of Fair Trading, following its 182m swoop for Premier Foods' canned business.
Princes has vowed to improve the sustainability of its tuna with a new four-year plan. The company said that from 2014 it would use only pole and line-caught fish, ditching aggregation methods that risk catching sharks and other species along with the tuna.
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