Greencore who is a major player in the food sector continues to grow. They said that as long as the euro t 85 to 88 pence, the company still expects to be at the forefront of trading. Greencore proudly revealed that they are well capitalized and they also exhibit a strong balance sheet.
Their two main products are Prepared Meals and Food to Go. They are now positioned right beside good target market and they anticipate the business to continue to grow as they were already up 7.6% compared to last year. Business is seen to have a favorable for these types of products.
Packaging and ingredients already experienced inflation on their prices but Greencore said they have managed to cope up with its financial difficulties through price increases and as well as improving on cost reductions.
This food company is again set to expand. They are now wooing its shareholders to back up a proposed merger with Northern Foods. If this happens, a rivalry might emerge with Harry Ramsden brand owned by food tycoon Ranjit Boparan.
Despite financial struggles of other companies Greencore proves to have a good set of management. Bringing on a new competition in the market is always a favorable concern for the consumers.
