 Branston is just one of the names in Premier's portfolio |
Premier Foods, the company behind Crosse & Blackwell and Typhoo Tea, has announced plans for a �300m stock market flotation. The group - currently owned by US buyout firm Hicks, Muse, Tate & Furst will make its market debut on 30 July.
Premier was born out of Hillsdown Group in 1999, expanding since then with brands bought from Nestle and Unilever.
The company generates �774m in annual sales and posted operating profits of �68.1m last year.
"Over the past five years the business has undergone a dramatic transformation and the flotation is the natural next step in our strategy to develop our business," chief executive Robert Schofield said.
"I have a shopping list of brands that we would like to buy. All are sitting in multinationals and are stated as non-core."
Brands owned by the group include Branston pickle, Sun-Pat peanut butter, Sarsons vinegar, Gale's honey and Waistline salad dressings and soups.
It also has agreements to make HP convenience foods, Rowntree's jelly and Cadbury cocoa-based drinks under licence.
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