Greencore buys UK-based Sandwich Factory for £15m

Greencore Group has bought UK-based The Sandwich Factory from Cranswick in a deal worth up to £15 million (€18 million).

The Sandwich Factory produces a range of food to go products for the convenience store and food service channels, and will grow Greencore’s presence in the food to go market outside its core business, which currently concentrates on large grocery customers, and could boost the company’s overall capacity in Greencore’s food to go business.

“This acquisition makes strong strategic sense for Greencore, given our ongoing focus on the food to go market,” said Greencore chief executivePatrick Coveney. “The Sandwich Factory will extend our reach into customer channels in which we are currently under represented, notably convenience stores and the travel sector, and will also bring new product types into the Greencore portfolio. We are delighted to be adding more capacity to our manufacturing network, and to be welcoming new colleagues to our business.”

The Sandwich Factory recorded £42 million in net revenue from manufactured products for the year ended March 31st 2016.