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Premier Foodsis currently the UK's biggest food manufacturer. Through a string of acquisitions it assembled an extensive portfolio of
traditional local jewels including Hartley's jam, Branston Pickle, Smash mashed potato, Ambrosia rice pudding and Bird's Angel
Delight. More recent acquisitions included the alternative meat product Quorn (later sold), and in 2006 a collection of leading grocery brands
from Campbell's Soup including Oxo, Batchelors and Homepride. But perhaps its most significant purchase to-date was the deal at
the end of 2006 to acquire rival Rank Hovis McDougall, makers of Britain's iconic Hovis bread, Bisto gravy and Mr Kipling cakes. However, many of the brands in this now sprawling collection are better-known for their nostalgia value than for their relevance to current shoppers, and combined
performance has slumped dramatically. New CEO Michael Clarke plans to offload many marginal products to focus on just eight key powerbrands.
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Competitors: see also Food Sector index for other companies
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