date:May 31, 2012
s of 140 staff. This followed Asda's decision to take part of its salads supply in-house.
However, in April, Bakkavr opened a new facility at its Caledonian Produce site in Bo'ness, West Lothian, which created 120 jobs making nut-based products for Marks Spencer. At the same time, it began financial restructuring talks with its lenders. It is reported to have a syndicated bank facility of 380M.
Shirley told FoodManufacture.co.uk Bakkavr's debt was 4.5 to 5.5 times earnings before interest, ta