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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