In the second major sell off of British companies to Japan-based companies in a day, Branston Pickle, owned by Premier Foods was sold to the Japanese manufacturer of vinegar, Mizkan for a cool £92.5m.
Premier Food’s factory at Bury St Edmunds in Suffolk is to be included as part of the deal. Commentators have pointed out the British food manufacturer’s debts of over £1bn as a major factor in the string of sell offs over the past 12 months. The Branston deal is the latest – Sarson’s Vinegar was…
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