RHM Acquired by Premier Foods

13/12/06 British food manufacturer Premier Foods PLC said it will acquire food producer RHM PLC in a share/cash deal valued at $2.44 billion.

Premier owns brands such as Branston Pickle, a sweet pickled spread popular in Britain for sandwiches, and Quorn vegetarian meat-substitute products. RHM has several brands including Mr. Kipling cakes and other famous British brands.

Premier purchased the U.K. and Irish business of Campbell Soup Co. this year.