11 Facts About Premier Foods

Premier Foods plc is a British food manufacturer headquartered in St Albans, Hertfordshire.

Premier Foods produce cakes under the Cadbury's name, using the brand under licence.

In February 2005, Premier Foods acquired Kraft Foods' ambient desserts businesses including Bird's Custard and Angel Delight.

That month, Premier Foods announced the sale of Typhoo tea to India's Apeejay Surrendra Group for $140 million.

In 2006, Premier Foods acquired the UK and Ireland businesses of Campbell's for £460 million.

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In March 2007, Premier Foods completed the takeover of its rival Rank Hovis McDougall for £1.

In July 2007, Premier Foods announced it would close several RHM sites: Bristol, Droylsden, Middlewich, Wythenshawe, Ledbury and Reading .

In 2009, Premier Foods sold its frozen bakery business, including Le Pain Croustillant and Sofrapain, to Nutrixo.

Premier Foods said the deal was part of a strategy to reduce its debt, which built up following an acquisition spree that included Hovis-owner RHM and Campbell's Soup in the UK and Ireland.

In January 2014, Premier Foods announced a new capital structure for the business which included an underwritten equity issue of approximately £353 million, a new pension schemes agreement, a high yield bond of £500 million and a new lending agreement with a smaller banking group.

Premier Foods became a 'grocery-only' business with the movement of the Hovis brand into a joint venture with US-based venture capital fund The Gores Group.