Tag: Hilton Food Group

Hilton Food, Woolworths strengthen meat processing joint venture

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AUSTRALIA – Hilton Food Group and Woolworths Group Ltd have announced that they have reached an agreement to restructure their Australian joint venture. The agreement granted Hilton Foods Australia long term contracts to supply packaged and value added meat products to Woolworths supermarkets. According to their agreement, Hilton will take over the operation of Bunbury and Truganina plants from July 2018, and after 2 years Hilton Foods Australia will acquire the plant assets for US$66.71 million as the minority shareholder in Hilton Foods Australia (HFA). With the long term 15-year…

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Hilton Food Group acquires fish processor Seachill

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UK – Hilton Food Group, the leading meat packaging business, has announced the acquisition of fish processor Seachill, for a value consideration of US$94.8 million. The acquisition move is both strategic and financial for Hilton since it looks to grow and expand into the UK’s fish supply market. The board noted that the acquisition of Seachill, the number two-player in the UK fish market, presented an attractive and relatively low-risk entry into the processing and supply of fish in the UK. The company raised gross proceeds of S$66.24 million to…

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Hilton Food Group to build new plant in New Zealand

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NEW ZEALAND – UK meat packing business Hilton Food Group has made plans to build a plant in New Zealand in its latest project, in partnership with Woolworths, Australia’s largest grocer. Hilton will construct a new meat processing facility in Auckland to supply New Zealand retailer Progressive Enterprises, trading as Countdown Supermarkets, which is owned by Woolworths. The development will take place as an extension of an existing Progressive Enterprises site. Hilton’s newly-formed subsidiary, Hilton Foods New Zealand, would finance the new food packing facility, with start of production targeted for…

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