Mr Kipling firm agrees €1.8bn takeover

Hovis and Mr Kipling firm RHM today backed a £1.2bn (€1.8bn) takeover by Branston Pickle owner Premier Foods.

Mon, 04 Dec, 2006 - 07:53

Hovis and Mr Kipling firm RHM today backed a £1.2bn (€1.8bn) takeover by Branston Pickle owner Premier Foods.

The proposed tie-up will create a business with annual sales of around £2.6bn (€3.9bn), almost all of which will be in the UK.

Premier Foods’ other brands include Hartley’s, Angel Delight and Quorn, while RHM is also known for Paxo, Bisto and Sharwoods.

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