Tesco deal boosts Hilton Food Group’s volumes
A new agreement with Tesco has helped Hilton Food Group increase its volumes in the UK, according to its latest interim management statement.
The international retail meat packing business said the deal, signed at the end of last year, has resulted in a growth in volumes towards “anticipated levels”, although start-up costs were also incurred as a result of the agreement.
Reporting on the trading period from 30 December 2013 to date, the business said it had made good progress in Western Europe, although its progress in Ireland remained constrained by local conditions, as expected.
New product lines were launched in the Netherlands last year, which has benefited its Dutch business, while work to extend capacity at its site in Sweden was on schedule, it added.
Hilton Food Group said it continued to explore opportunities to grow its business in both domestic and overseas markets, and that its financial position remained strong.
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