Wed 04 Apr 2007Premier Foods agrees to sell Erin brandPremier Foods has agreed to sell Erin, its largest retail brand
in the Republic, in order to facilitate its purchase of RHM, the
British plc that sells the Sharwoods, Saxa and Bisto brands
here.The Competition Authority made the "divesting" of Erin by
Premier a condition for allowing Premier's purchase of RHM to
proceed. Brian McManus, a former chief executive with IIB
Homeloans, is to be appointed trustee and will supervise the
management of the business pending the sale of Erin. Erin employs
approximately 130 people in Thurles, Co Tipperary, and the decision
by the Competition Authority means the operation can now be sold as
a going concern.