London / UK. (rgf) As previously indicated in its interim results announcement and in the December pre-close trading statement, the British Real Good Food Company PLC has undertaken a strategic review of its current operations. The Board has now concluded this review and decided to develop the two principal pillars of the group, by consolidating the Renshaw and Napier Brown Foods businesses into one unit, to be re-named renshawnapier, and based in Liverpool.
The new business unit´s strategic focus will be to build and drive value from a broader portfolio of both raw and value-added ingredients, run by a single management team in multiple channels and product sectors, with added flexibility to deliver and meet the challenges ahead.
renshawnapier will encapsulate the strengths of the respective businesses, ensuring their heritage and inherent capability continues and is significantly enhanced in the new, more focused, business structure. This new business will be seeking to leverage its unique position in the market with both current and new customers.
The reorganisation is expected to be cash neutral in fiscal year 2009, but is expected to produce annualised cost savings in the region of 0,8 million GBP. CEO Stephen Heslop: «I am extremely excited about this new development and the prospects it brings to the group. Our new and flatter management structure, with head office and principal business now consolidated onto a single site, will be better able to manage the challenges and seize opportunities within our market places».
Haydens Bakeries Ltd. will continue to be managed as a separate stand-alone business unit. Hayden´s major customer is Waitrose, with product being made for Bakery Counter, Pre pack morning goods, Chilled pre-pack Patisserie and the in store cafe´s.
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