Food & Drink Process & Packaging Issue 14 2017 - Page 54

Hilton Signs Fresh Food Contract with Tesco Central Europe Hilton Food Group plc (“Hilton”), the soups; this requires an investment of OBE, said: “We have a long and specialist retail meat packing business c.6m euros in plant and equipment, as successful history of working with supplying major international food well as the construction of the factory Tesco, one of the world’s biggest retailers in Europe and Australia, is itself for which we are planning a retailers. This agreement represents pleased to announce it has signed sale and leaseback. It is expected an opportunity to enter a growing a long term supply agreement with that production will begin in the first food segment of the market. We look Tesco Central Europe (“Tesco”) to quarter of 2019. forward to seeing the positive effect produce fresh food. This development Hilton and Tesco have also agreed our tried and tested business model supports Hilton’s strategy of providing to sign a further five year long term will have on this relationship, which key retail partners globally with a supply agreement for Hilton to will be supported by our flexible and diversified food offer. continue servicing Tesco’s Central versatile approach to meeting local The five year agreement will involve European stores with pre-packed requirements. We continue to look for building a state of the art factory in meat. further opportunities for geographic Poland, to produce items such as Commenting on the agreement, expansion.” sandwiches, pizza, ready meals and Hilton Chief Executive Robert Watson 54 FDPP -