Premier Foods gets out of jam

Debt-laden Premier Foods has already got itself out of a pickle this year, now it is getting itself out of a jam with the sale of its sweet spreads and jellies business.

Debt-laden Premier Foods has already got itself out of a pickle this year, now it is getting itself out of a jam with the sale of its sweet spreads and jellies business.

The brands being sold include Hartley's, Robertson's, Frank Cooper, Keiller, Gales and Sun-Pat. US firm Hain Celestial Group is paying £200m, to be satisfied through a mixture of shares (£30m) and cash (£170m), to get its hands on these long-time fixtures of the British breakfast table.

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