Finance
Greencore clears key hurdle in Bakkavor deal, targets early 2026 completion
Published by Global Banking & Finance Review®
Posted on November 7, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 7, 2025
1 min readLast updated: January 21, 2026
Greencore's acquisition of Bakkavor is set for early 2026, pending final approvals. The UK competition regulator has accepted Greencore's proposed remedy.
(Reuters) -Greencore said on Friday the UK competition regulator had in principle accepted its proposed remedy to secure approval for its acquisition of convenience food rival Bakkavor, with the deal now targeted to complete in early 2026.
Dublin, Ireland-based Greencore will sell its chilled soups and sauces manufacturing plant in Bristol, which generated revenues of about 47 million pounds ($63.08 million) in the year ended September 26, representing about 1% of the combined group's revenues.
The deal will create a leading UK convenience food business at a time when British companies have become increasingly attractive targets for private equity and strategic buyers due to their relatively depressed valuations.
Greencore, which supplies convenience food to all major supermarkets in Britain, said it is currently engaged with a number of prospective purchasers for the Bristol plant.
The deal still needs final approval from the Competition and Markets Authority and the court's approval of Greencore's proposed commitments.
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control. This can lead to increased market share and operational synergies.
Convenience foods are pre-prepared food products that require minimal preparation time. They are designed to save time and effort for consumers, often found in supermarkets.
A manufacturing plant is a facility where goods are produced using machinery, labor, and various processes. It plays a crucial role in the supply chain and production of products.
Private equity refers to investment funds that buy and restructure companies that are not publicly traded. Investors in private equity seek to improve the company's performance before selling it for a profit.
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