Food packaging firm wraps up year with £165m revenue increase
A UK food packaging company has reported a 10 per cent revenue increase for the past year.
Hilton Food Group, which provides services to retailers such as Tesco and Ocado, announced today that its 2019 revenue totalled £1,814.7m, a £165.1m increase on 2018’s £1,649.6m.
During the year, the company opened a new plant in Brisbane, Australia, and invested in vegetarian product manufacturer Dalco.
Hilton also completed the acquisition of sous vide manufacturer SV cuisine, and invested £99m into its facilities to support future growth.
Robert Watson, executive chairman of Hilton,commented: “In 2019, we successfully executed our strategy of continuing to grow and diversify our offering with the opening of our biggest factory yet in Brisbane, Australia, a move into other high growth proteins including vegetarian and sous vide, building on our existing retailer partner relationships and investing in our facilities.
“We continue to grow volumes and profit and explore opportunities to develop our cross-category business in both our domestic and overseas markets.
“Whilst the COVID-19 outbreak will test our established business continuity programmes, to date thanks to the dedication and resilience of our teams who have responded superbly, we have risen to the challenge.”
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