Europe

Hilton signs long-term supply deal with Tesco Central Europe

Packaging

Hilton Food Group, a leading retail meat packing business, has just announced it signed a further five-year long term supply agreement with Tesco to continue supplying Tesco's central European stores with pre-packed meat, according to a press release.

Posted on Aug 28 ,17:12

 

In addition, Hilton also landed a 6 million euros deal with Tesco to produce fresh food. The five-year agreement requires Hilton to build a factory in Poland to produce items for Tesco, such as sandwiches, pizza, ready meals, and soups. "This requires an investment of nearly 6 million euros in plant and equipment, as well as the construction of the factory itself for which we are planning a sale and leaseback," the company said.

Production at Hilton's new factory is planned to start in the first quarter of 2019.

"We have a long and successful history of working with Tesco, one of the world’s biggest retailers. This agreement represents an opportunity to enter a growing food segment of the market," said Hilton Chief Executive, Robert Watson OBE. "We look forward to seeing the positive effect our tried and tested business model will have on this relationship, which will be supported by our flexible and versatile approach to meeting local requirements. We continue to look for further opportunities for geographic expansion."

Comments

Similar articles