Kepak Expands into Chilled Sandwiches and Frozen Snacks
Kepak has made its first move into the chilled sandwiches and frozen snacks sector with the acquisition of UK group, Summit Foods.
Summit Foods is an established player in the UK’s convenience food sector, turning over about £24 million (€29 million) per year and employing a team of 200 people.
While some of the group’s products are in line with other brands Kepak has within its portfolio, the deal marks the first acquisition the company has made in the chilled sandwiches and frozen micro snacks space.
Kepak, which is based in Co Meath, declined to disclose the financial terms of the deal but said it was part of its plan to further grow its food business organically and via acquisition.
Brian Farrell, chief executive of Kepak’s food division, said the acquisition “aligns with our growth strategy, developing our presence in the UK convenience and out-of-home food channels”.
“Summit’s portfolio of fresher-for-longer sandwiches, chilled and frozen meals and snacks complements our existing micro snacking offerings and allows us to deepen our presence across these markets,” he added.
Colin Gleeson | The Irish Times
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