By Daniel Hunter
Princes, the Liverpool-based food group, have seen seen sales increase by a record 28%.
Last year's acquisition of Premier Food's canned food operations has seen the Japanese owned group increase pre-profits by 12.4% to from £42m to £47.2m.
The acquisition of the East Anglia-based Premier Foods business brought a number of brands including Crosse & Blackwell, Farrow’s and Smedley’s into the Princes' portfolio.
“Princes made excellent progress during the last financial year by delivering a strategic plan which is focused on achieving UK and international growth by investing in our brands, our production and supply capabilities, forming new strategic partnerships and opening new customer markets," Managing director Ken Critchley said.
“We have successfully integrated our newly-acquired operations and brands into the group and are benefiting from the early investment we have made into new product and brand development. In particular, we are growing distribution and sales of our award-winning Crosse & Blackwell products, which are achieving strong sales in our core markets.
“The group has also invested in the infrastructure and people to build on our international growth, which is a core part of our strategy.”
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