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UK's Hilton Food's 2017 sales rise on Seachill acquisition, tie-ups

Published 28/03/2018, 05:35 pm
© Reuters.  UK's Hilton Food's 2017 sales rise on Seachill acquisition, tie-ups
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March 28 (Reuters) - British meat packer Hilton Food Group HFG.L posted an over 10 percent increase in 2017 revenue with recent acquisitions and tie-ups helping it notch higher sales volumes for the period.

The company, which supplies to supermarkets such as Tesco (LON:TSCO), Ahold, Albert Heijn, said sales volumes rose 10.4 percent to 303,881 tonnes aided by the Seachill deal -- an Icelandic fish packing business it bought in 2017 -- and on tie-ups with partners in Portugal and Australia.

Revenue rose 10.1 percent to 1.36 billion pounds ($1.93 billion), the company said. = 0.7050 pounds)

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