UK food producer Greencore has bought food-to-go company Freshtime, expanding its presence in a growing but competitive category. The £56m deal has been lauded as an ‘excellent strategic fit’ by Greencore CEO Patrick Coveney, increasing its capacity in a familiar business and customer set. Freshtime operates a single facility in Boston, Lincolnshire, and had gross assets of £22m at the end of 2018.
