Greencore to acquire Peacock Foods for $747.5m

Transaction expands Greencore's presence in U.S. convenience foods.

Greencore Group, a leading international convenience food business, announced it is acquiring Peacock Foods for $747.5 million on a debt-free and cash-free basis.

Peacock is a fast-growing U.S. convenience food manufacturer with strong positions in frozen breakfast sandwiches, kids’ chilled meal kits and salad kits, generating revenues of approximately $1 billion and adjusted earnings of $72.1 million year-to-date for September 2016. The company is headquartered in Geneva, Ill., an

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