Hilton Food Secures Fresh Food Supply Contract From Tesco
August 24 2017 - 02:59AM
Dow Jones News
LONDON--Meat packaging company Hilton Food Group PLC (HFG.LN)
said Thursday that it has secured a five-year contract from a unit
of U.K.'s supermarket chain Tesco PLC (TSCO.LN) for supplying fresh
food items such as sandwiches, pizza, ready meals and soups.
The company also said the it has secured a separate five-year
agreement to continue supplying pre-packed meat to Tesco's Central
European stores.
Under the fresh food supply agreement with Tesco Central Europe,
Hilton will invest around 6 million Euros ($7.07 million) to build
a new factory in Poland. Production from the factory is anticipated
to commence in the first half of 2019.
The fresh food supply agreement is part of Hilton's strategy of
providing key retail customers with a diversified food offer.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
August 24, 2017 02:44 ET (06:44 GMT)
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