date:Jun 19, 2014
Premier Foods has entered into a joint venture (JV) agreement with Specialty Powders Holdings to manufacture powdered beverages and desserts worth 16m. The new JV, called Knighton Foods, will encompass Premiers private-label business in powdered beverages.
The powdered food products will be produced at Premiers factory in Knighton, Staffordshire. The new JV will combine dry powders manufacturing capabilities and assets from both parties at the Knighton site. The agreement will also enable the t