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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.
Premier Foods has agreed to sell its canned foods business to Princes, with brands including Crosse Blackwell and Fray Bentos changing hands for 182m. Sites at Long Sutton and Wisbech will switch to Princes in the latest move by Premier to cut its billion-pound debt.
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