Hilton Food Group Explained

Hilton Food Group
Type:Public
Foundation:1994
Location:Huntingdon, United Kingdom
Key People:Robert Watson (Chairman)
Philip Heffer (CEO)
Industry:Food
Revenue: £3,989.5 million (2023)[1]
Operating Income: £86.1 million (2023)
Net Income: £38.0 million (2023)

Hilton Food Group plc is a food packaging business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established to operate a beef and lamb central meat packing facility in Huntingdon in 1994.[2] It was the subject of an initial public offering in May 2007 which valued the business at circa £105 million.[3] It went on to acquire Seachill, a supplier of chilled and frozen salmon, in November 2017.[2]

Operations

The company has six factories and sells its products in supermarkets across fourteen countries in Europe.[2] It also has a joint venture in Australia with Woolworths Group, a retail business, to undertaking meat processing activities for its stores[4] and a joint venture in Portugal with Sonae Modelo Continente, another retail business, to provide packaged meats for its stores.[5]

Notes and References

  1. Web site: Preliminary Results 2023. Hilton Food Group. 3 April 2024.
  2. Web site: Icelandic Group Agrees Sale of Seachill to Hilton Food Group. 18 October 2017. Icelandic Group. 2 July 2018. 3 July 2018. https://web.archive.org/web/20180703021847/https://www.islandsbanki.is/english/about-islandsbanki/news/news-item/2017/10/18/Icelandic-Group-Agrees-Sale-of-Seachill-to-Hilton-Food-Group/. dead.
  3. Web site: Hilton Food Group IPO price set at 150p. Stockmarket Wire. 11 May 2007. 2 July 2018.
  4. Web site: Hilton Food Shuffles Board, Promotes Philip Heffer To Chief Executive. 23 May 2018. Morning Star. 2 July 2018.
  5. Web site: Hilton Food Group partners with Sonae Modelo Continente. 4 January 2017. Global Meat News. 2 July 2017.