Premier Foods acquires Merchant Gourmet for £48 million
Investing.com -- Premier Foods PLC (LON:PFD) announced the acquisition of Merchant Gourmet, valued at £48.0 million enterprise value.
The transaction is expected to be earnings accretive in the first full year of ownership, according to a statement from the company.
Premier Foods, known for its portfolio of food brands, is expanding its market presence through this strategic acquisition.
The company did not provide additional details about integration plans or expected synergies from the Merchant Gourmet purchase.
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