Hilton Food Group PLC Hilton to Expand Packing Capability to New Zealand (6231T)
16 October 2017 - 5:00PM
UK Regulatory
TIDMHFG
RNS Number : 6231T
Hilton Food Group PLC
16 October 2017
16 October 2017
Hilton to Expand Packing Capability to New Zealand
Hilton Food Group plc ("Hilton"), the leading specialist
international meat packing business, is pleased to announce it is
to proceed with plans to expand its packing capability to New
Zealand.
Hilton will construct a new meat processing facility in Auckland
and supply Progressive Enterprises Ltd ("Progressive"), New
Zealand's leading retailer, trading as Countdown Supermarkets. As
Progressive Enterprises LTD is also part of the Woolworths Ltd this
development further strengthens Hilton's existing relationship with
Woolworths Ltd.
The development will take place as an extension of the existing
site, and is subject to government approvals and the negotiation
and finalisation of construction and tenure agreements. It is
proposed that Hilton's newly formed subsidiary, Hilton Foods New
Zealand, will finance the new food packing facility, with
commencement of production targeted for 2020. The new facility will
be capable of supplying Progressive stores in New Zealand with a
range of beef, lamb, pork, chicken and added-value products. It is
expected that Hilton's investment in plant and equipment will be
approximately NZ $ 54 m.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Enquiries:
Hilton Food Group plc Tel: +44 (0)1480 387214
Robert Watson OBE, Chief Executive
Nigel Majewski, Chief Financial Officer
Citigate Dewe Rogerson Tel: +44 (0)207 638 9571
Angharad Couch
Ellen Wilton
This information is provided by RNS
The company news service from the London Stock Exchange
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