Greencore plans major US growth after buying snacks firm Schau

Greencore has acquired US snacks producer HC Schau & Son for around €15.5m, of which€10.4m is being paid in cash.

As well as the up-front payment, the deal also involves a “deferred cash consideration” of €3.5m, and another €1.6m payable “on certain performance conditions”.

Greencore has made this move as part of plans to grow its share of the US snack food market along with its Greencore Food to Go brand.