The Glendale Foods group has reported a strong year-on-year increase in sales following a merger with Supreme Foods and acquisition of the Great British Pudding Company.
Combined sales for the group have shot up 40% since last year, thanks to expansion into new retail and foodservice markets. The company has said future growth would be based around acquisitions.
“Escalating prices have impacted considerably on costs,” said chairman John Mortimer. “Across the industry it’s clear that consolidation and further acquisitions are going to take place. So we are open to discussions with industry producers as part of the strategy to continue growing our business.”
Glendale had also benefited from significant cost savings since its merger, which gave the group more buying strength and production resource, it said.
“Escalating prices have impacted considerably on costs,” said chairman John Mortimer. “Across the industry it’s clear that consolidation and further acquisitions are going to take place. So we are open to discussions with industry producers as part of the strategy to continue growing our business.”
Glendale had also benefited from significant cost savings since its merger, which gave the group more buying strength and production resource, it said.
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