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BRIEF-Hilton Food Group signs fresh food contract with Tesco Central Europe
August 24, 2017 / 6:24 AM / 4 months ago

BRIEF-Hilton Food Group signs fresh food contract with Tesco Central Europe

Aug 24 (Reuters) - HILTON FOOD GROUP PLC:

* HILTON SIGNS FRESH FOOD CONTRACT WITH TESCO CENTRAL EUROPE

* HAS SIGNED A LONG TERM SUPPLY AGREEMENT WITH TESCO CENTRAL EUROPE (“TESCO”) TO PRODUCE FRESH FOOD

* FIVE YEAR AGREEMENT WILL INVOLVE BUILDING A STATE OF ART FACTORY IN POLAND REQUIRING AN INVESTMENT OF C.6M EUROS

* EXPECTED THAT PRODUCTION WILL BEGIN IN Q1 OF 2019

* HILTON AND TESCO HAVE ALSO AGREED TO SIGN A FURTHER FIVE YEAR LONG TERM SUPPLY AGREEMENT FOR HILTON TO CONTINUE SERVICING TESCO‘S CENTRAL EUROPEAN STORES WITH PRE-PACKED MEAT Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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