date:Jun 28, 2012
, to whom Schau is a long-term supplier in the Chicago region.
Greencore will pay upfront 8.3M ($13M) plus a deferred cash consideration of 2.8M ($4.3M).An additional cash amount of up to 1.3M ($2M) will be payable dependent on certain performance conditions.
The purchase will be funded from existing debt facilities and will have a minimal impact on the groups leverage, said Greencore.
Patrick Coveney, the firms ceo, said:Schau, along with Marketfare, will allow us to take a strong step forwa