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Last Updated: Tuesday, 7 March 2006, 10:37 GMT
Brand buys boost Premier profits
Branston pickle
Premier is the owner of a number of well-known food brands
Premier Foods, owner of Branston pickle and Ambrosia custard, saw operating profit rise 18.2% in 2005.

Sales were boosted 6% by the purchase of Bird's, Quorn and Cauldron brands, which Premier said "integrated well", while like-for-like sales were up 1.6%.

Operating profit was �95.3m ($167.6m), compared with �80.6m in 2004, and sales were �789.7m.

In October, Premier sold its tea business, including Typhoo, to India's Apeejay Surrendra Group for �80m.

Baked beans

Vegetarian food companies Cauldron Foods and Quorn were bought in 2005, as was one of the UK's oldest grocery brands, Bird's.

"The integration of these businesses has gone well and the brands have performed in line with our expectations," Premier said on Tuesday.

It said the launch of its Branston baked beans at the end of 2005 had been well received.

However, it warned that its potato business had suffered as customers "rationalised their supplier base".

Premier, which floated in 2004, suffered a scare that year when its factory in Suffolk was gutted by fire, restricting pickle production.




SEE ALSO:
Premier Foods digests sales rise
09 Jan 06 |  Business
Typhoo tea bought by Indian firm
13 Oct 05 |  Business
Pickle firm plays down shortages
25 Nov 04 |  Suffolk


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