FDBusiness.com

Premier Foods has confirmed that it has received bids for its meat-free business, incorporating the Quorn brand, from a number of parties, including multinational food groups and private equity firms. Discussions are proceeding and are at an advanced stage with two potential buyers.

Nestle is reported to be one of the food group’s interested in Premier Foods’ meat-free business, which analysts estimate to be worth between £200m and £250m. Premier Foods, the UK’s largest domestic food processor, has also put its canning business up for sale as it seeks to reduce its debt burden.