Princes Group

Princes Group
Wholly owned subsidiary
Industry Food & Drink
Founded Liverpool, England (1880)
Founder Simpson & Roberts
Headquarters Liverpool, England
Number of locations
15 production sites
Key people
Mike Easterbrook – Group MD, Kazuo Ito – Chairman
Products Fish, meat, fruit, vegetables, soups, pastes, pasta, cooking sauces, edible oils and soft drinks
Revenue £1.61 billion (March 2014)
£59.1 million (March 2014)
Number of employees
8,000+
Parent Mitsubishi Corporation
Website princesgroup.com

Princes Group is an international food and drink group[1] involved in the manufacture, import and distribution of branded and customer own-brand products. Customers include major supermarkets, convenience stores, foodservice operators, wholesale suppliers and other food manufacturers. Princes’ brands and products span over 20 different categories including fish, meat, fruit, vegetables, soups, pastes, pasta, cooking sauces, edible oils and a broad range of soft drinks sectors.

History

Princes’ heritage dates back to 1880,[2] when it was first established as a fish importing business in Liverpool, the city where its international headquarters are still located today. Initially, the company expanded into new markets including the import of canned and ambient foods from around the world. Princes’ first venture into food manufacturing happened in 1946,[2] starting a period of diversification and growth which continues today. Princes first entered continental Europe in 1960[2] and today its European operations are managed from its offices in Rotterdam in the Netherlands. As a wholly owned subsidiary of Mitsubishi Corporation since 1989,[2] Princes has completed a number of high-profile mergers and acquisitions in the last two decades that have added significant scale to the business.

Timeline

Owned and operated brands

Brands[6]

Some of the well-known brands (*= Licensed brands) Princes manufacture and produce are:

Sites

Princes operates 15 production sites across the globe. These are:

UK food sites:

UK soft drinks sites:

Edible oils:

International:

Future growth

Princes has a stated long-term strategy[3] to expand both in the UK and into new international markets by investing in its supply chain through acquisitions, strategic partnerships and organic growth.

References

  1. "Premier Foods boosts food manufacturer’s sales to £1.51bn". Foodmanufacture.co.uk. Retrieved 2013-03-25.
  2. 1 2 3 4 "Princes : About the Company : Our History". Princesgroup.com. Retrieved 2013-03-25.
  3. 1 2 "Insider News North West – Princes targets £2bn after record year". Insidermedia.com. Retrieved 2013-03-25.
  4. Hodgson, Neil (2012-05-03). "Princes Group in Italian production deal - Business News - LDP Business". Liverpool Daily Post. Retrieved 2013-03-25.
  5. "Princes ups profit as UK sales decline". 12 January 2015.
  6. "Princes : Our Brands". Princesgroup.com. Retrieved 2013-03-25.
  7. "Sourcing and Manufacturing". Princes Group. Retrieved 28 January 2014.
  8. "Princes to double size of European revenues following acquisition of Italian tomato factory". Princes Group. 3 May 2012. Retrieved 28 January 2014.
  9. "Princes Tuna (Mauritius) Marine Road".

External links

This article is issued from Wikipedia - version of the Tuesday, January 05, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.