Greencore Group Plc (LSE: GNC) has completed the acquisition of Freshtime UK Limited, a supplier of food to go salads, chilled snacks and prepared produce in the UK. The acquisition will let Greencore Group PLC increase its presence in food to go salads and chilled snacking.
The total consideration for the acquisition of Freshtime UK Limited constitutes an enterprise value of £56.0million, cash on the acquired balance sheet and a normalised level of working capital.
On 3rd September 2019, at the time of writing, GMT 08:05 AM, GNC shares were trading at GBX 212.60, up by 1.29 points or 2.70% against the previous day closing price.
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