BEV - Newlat Food completes acquisition of Princes Limited, forms New Princes Group

Princes Limited has been acquired by Italy's Newlat Food in a £700 million deal. Princes will operate as a subsidiary under the new New Princes Group, which will have a €2.8 billion turnover, 31 plants, and 8,800 employees. This merger enhances product offerings and positions the group as a top European food company. New Princes Group aims for €5 billion in turnover by 2030. Leadership includes Simon Harrison as CEO and Angelo Mastrolia as Chairman. The company is headquartered in Liverpool, UK, with operations across Europe.

Source: https://www.foodbev.com/news/newlat-food-completes-acquisition-of-princes-limited-forms-new-princes-group

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