Greencore Group PLC - Company Profile
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COMPANY INFORMATION |
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Company Legal Name |
Greencore Group plc |
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Year of Establishment |
1991 |
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Industry |
Food production |
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Geographical Presence |
Worldwide |
Greencore Group Plc is an Irish company engaged in the manufacture and supply of convenience foods. The company offers a wide range of chilled, frozen, and ambient foods to some of the most successful retail and food service customers in the U.K.
Greencore is also involved in the Irish Ingredients trading businesses. The company's product portfolio ranges from sandwiches, salads, sushi, chilled ready meals, chilled soups to sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire puddings, cakes, and desserts.
Greencore Group plc manufactures and distributes a diverse range of primary foods and related products, food ingredients, and prepared foods to the consumer and industrial sectors.
Being a major supplier to British and Irish supermarkets, Greencore is the largest sandwich manufacturer in the world. It also supplies convenience and travels retail outlets, discounters, coffee shops, foodservice, and other retailers.
In FY20, the company manufactured 619m sandwiches and other food-to-go products, 116m chilled prepared meals, and 264m bottles of cooking sauces, pickles, and condiments. It carries out more than 10,000 direct-to-store deliveries each day.
Greencore has 16 world-class manufacturing sites in the UK, with industry-leading technology and supply chain capabilities. The company generated revenue of £1.2bn in FY20 and employs approximately 12,200 people.
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CURRENT DATA |
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Net Sales (2020) |
1,264.7 million GBP |
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Net Income (2020) |
-11.5 million GBP |
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CEO of the Board |
Patrick Coveney |
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Employee Count |
12,200 |
Key Shareholders:
- Polaris Capital Management LLC
- JPMorgan Asset Management (UK) Ltd.
- Fidelity Management & Research Co LLC
- Aberdeen Asset Investments Ltd.
- Henderson Global Investors Ltd.
- Black Creek Investment Management, Inc.
- Kinney Asset Management LLC
- Coltrane Asset Management LP
- DWS Investment GmbH
- The Vanguard Group, Inc.
Acquisitions:
- In July 2020, Greencore Group plc has entered into a conditional agreement to sell its interests in its molasses trading businesses to United Molasses Marketing (Ireland) Limited and United Molasses Marketing Limited.
- In January 2019, Greencore acquired the ordinary shares and Total voting rights from Goldman Sachs.
- In September 2019, the company completed the acquisition of Freshtime UK Limited, a well-established supplier of food-to-go salads, chilled snacks, and prepared products in the UK. The acquired business will extend Greencore’s presence in food-to-go salads and chilled snacking.
- In October 2018, Greencore completed the sale of its entire US business, Greencore US, to Hearthside Food Solutions LLC.
The company was founded in 1991 and is headquartered in Dublin, Ireland.
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CONTACT INFORMATION |
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Phone Number |
353 1 6051000 |
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Site URL |
www.greencore.com |