Premier Foods to acquire Merchant Gourmet for £48m.

Premier Foods, a food producer, agreed to acquire Merchant Gourmet, a premium, healthy, convenient meals brand, for £48m. "We're very pleased to have agreed the acquisition of Merchant Gourmet, which meets the growing demand for premium, healthy and convenient meal options. Replicating the success of our previous two acquisitions, The Spice Tailor and FUEL10K, we will be deploying our proven branded growth model; expanding retailer distribution, accelerating new product development, and increasing marketing investment to unlock further profitable growth for the brand. Merchant Gourmet expands our category presence, complementing our already strong brand portfolio, and we look forward to welcoming the team to Premier Foods," Alex Whitehouse, Premier Foods CEO.