Chilled food distributor Compleat Food Group has completed the acquisition of Greencore’s sauces and soups business in Bristol following CMA approval, this comes as it also announces Nick Reade as its first ever UK managing director.
This strategic acquisition strengthens The Compleat Food Group’s ambition to become the UK’s number one chilled prepared food company, and the appointment is a newly created role that will report directly to chief executive Nick Field.
Greencore’s sauces and soups operation currently employs approximately 300 employees at its 50,438sq ft production facility in Bristol, and produces a range of own-label chilled sauces and soups for major retailers across the UK. All staff will transfer to The Compleat Food Group and be retained, and operations at the site will continue as normal.
Read more: The Compleat Food Group makes two strategical acquisitions
With this addition, The Compleat Food Group’s total turnover reaches £1.4bn, now employing more than 6,300 people across 18 sites. The Group works with leading UK retailers and foodservice providers where it is a major supplier of own-label pastry, sweet bakery, party food, olives and antipasti, added-value egg products, continental meats, dips and sauces and plant-based food.
It is also home to brands including Wall’s Pastry, Pork Farms, Wrights, unearthed, Vadasz, Squeaky Bean, Palace Culture, Julienne Bruno and Harvey & Brockless.
Field said: “We’re excited to welcome the Bristol team to The Compleat Food Group. This acquisition marks an important step in expanding our expertise in chilled sauces and soups, two categories with strong growth potential. By combining this capability with our existing portfolio, we can deliver even greater value for our retail partners and continue to innovate in creating Food to Feel Good.”
