The Glendale Foods group has reported a strong
year-on-year increase in sales following a merger with
Supreme Foods and acquisition of the Great British
Pudding Company. Combined sales for the group have shot
up 40% since last year, thanks to expansion into new
retail and foodservice markets. The company has said
future growth would be based around acquisitions.
?Escalating prices have impacted considerably on costs,?
said chairman John Mortimer. ?Across the industry it?s
clear that consolidation and further acquisitions are
going to take place. So we are open to discussions with
industry producers as part of the strategy to continue
growing our business.?
Glendale had also benefited from significant cost
savings since its merger, which gave the group more
buying strength and production resource, it said.