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Hilton wins fresh food contract with Tesco Central Europe

By BFN News | 07:12 AM | Thursday 24 August, 2017


Hilton Food Group has signed a long term supply agreement with Tesco Central Europe to produce fresh food. Hilton said this development supported its strategy of providing key retail partners globally with a diversified food offer. It said the five-year agreement would involve building a state of the art factory in Poland, to produce items such as sandwiches, pizza, ready meals and soups. It said this required an investment of around €6m in plant and equipment, as well as the construction of the factory itself for which the group was planning a sale and leaseback. It said that it was expected production would begin in the first quarter of 2019. Hilton and Tesco have also agreed to sign a further five year long term supply agreement for Hilton to continue servicing Tesco's Central European stores with pre-packed meat. Story provided by StockMarketWire.com

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