Irish food group Greencore has bought UK sandwich producer Oldfields for £11m.

London-based Oldfields currently supplies 25m sandwiches a year to coffee shops and Greencore said that it had significant capacity to expand.

At the same Greencore has off-loaded its pizza subsidiary for a nominal fee to a management firm. The group said it expected to a £24m hit in its results because of it. It also sold Feldhues, a non-core food business, to a Dutch private investment firm for £6m.