Uniq has agreed the sale of its German and Polish businesses to IFR Capital in a £25.7m deal.
The proceeds of the sale will be used to pay off debt held by the convenience foods group and ease its pension liabilities.
The German business comprises Nadler, which specialises in chilled prepared salad, fish and other deli products, and foodservice contractor PHF. In Poland, Lisner – a producer of chilled herring, spreads and salads – will be sold.
Together, the companies reported an operating loss of £1.6m in the year ended 31 December 2008. The sale is subject to shareholder and regulatory approval.
Uniq slows slump but desserts suffer (15 October 2009)
Uniq eyes Euro sell-off after £12.5m loss (12 August 2009)