Belfast Telegraph

Food firm Premier sells off meat-free brands

When the prime minister of any country steps down from office he, or she, can generally expect some soft words, even from former opponents, to send them on their way to retirement.

HOVIS-to-Mr Kipling firm Premier Foods sold its meat-free brands Quorn and Cauldron to a private equity consortium for £205m. Exponent Private Equity and Intermediate Capital Group bought the meat-free division, which has three manufacturing sites in the UK and employs nearly 595 staff, ending months of speculation over the group's plans for the two brands. Premier has been working to alleviate a £1.4bn debt.