TIDMHFG
RNS Number : 3717M
Hilton Food Group PLC
14 September 2023
Hilton Food Group plc
Hilton Foods to open first North American food park site,
entering long-term supply agreement with Walmart Canada
Hilton Food Group plc ("Hilton Foods" or the "Group"), the
leading international multi-protein food business, is pleased to
announce that it has signe d a long-term supply agreement with
Wal-Mart Canada Corp ("Walmart").
Hilton Foods will open a new manufacturing facility in Eastern
Canada to supply Walmart's Supercentres with a range of protein
products, starting with beef, lamb, pork, seafood and moving into
some added-value products. The new Hilton Foods facility will
provide robotised store order picking into Walmart's distribution
centres.
This partnership represents a significant step forward for both
Walmart and Hilton Foods in fulfilling increasing consumer demand
across Canada for high quality, good value and increasingly
sustainable protein products. Through the partnership, Hilton Foods
will apply its strong ESG credentials underpinned by its
Sustainable Protein Plan to the North American market.
It is proposed that Hilton Foods' newly formed subsidiary,
Hilton Foods Canada Inc, will finance the new food packing
facilities, with commencement of production targeted for 2026.
Hilton Foods intends to lease the production facility and its
investment in plant and equipment will be debt funded with
principal expenditure commencing in 2024 and continuing throughout
2025. The Group's leverage is expected to remain at comfortable
levels during this investment phase.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Steve Murrells, Hilton Foods CEO, commented :
"We are delighted to be partnering with Walmart. This agreement
further extends our global footprint and will be our first
manufacturing facility in North America. It is another sign of the
strength of our customer offer, as well as growing consumer demand
for high quality, affordable, protein products, which we can
deliver through our scale, international experience, and supply
chain expertise. Hilton Foods and Walmart share the same high
standards of sustainability and we are looking forward to providing
Walmart with the service and range of quality products for which
Hilton Foods is known."
Sam Wankowski, Chief Merchandising Officer, Walmart Canada added
:
"With our customers top of mind, we're sparking change in the
way Walmart Canada sources proteins in Canada. Our new agreement
with Hilton Foods - their very first in Canada - is a win for our
customers. We're strengthening our delivery of quality products at
low prices and with more sustainable packaging to Canadians, while
still continuing to support Canadian farms and ranches."
Sourabh Malik, Vice President Food, Walmart Canada added:
"At Walmart Canada, when we see an opportunity to strengthen our
business that will benefit our customers, we will always do what
they deserve - and exceed their expectations. The new protein
processing solution with Hilton will ultimately provide Canadians
with fresh, consistent Walmart Brand protein in the sizes and cuts
they're looking for."
Notes
About Hilton Foods
Hilton Food Group plc is a leading international food and
technology-led supply chain service partner, serving retail and
food service customers and their consumers. We serve our customers
with outstanding protein products, and leading technology across
our high quality, multi-category proposition of meat, seafood,
vegan and vegetarian, easier meals and supply chain services. We
are an international business of over 7,000 employees, operating
from 24 technologically advanced food processing, packing and
logistics facilities across 19 markets. Growing internationally
across Europe, Asia Pacific and North America. For almost thirty
years, our business has been built on the purpose of growth and
success through long-term partnerships with our customers, our
people, our suppliers and the communities we are part of. Many of
these partnerships have been forged over several decades, and
together we target driving long-term value. We deliver this through
'The Sustainable Protein Plan', our commitments and science led
targets across our three ESG pillars of people, planet and
product.
About Walmart Canada
Walmart Canada operates a chain of more than 400 stores
nationwide serving 1.5 million customers each day. Walmart Canada's
flagship online store, Walmart.ca , is visited by more than 1.5
million customers daily. With more than 100,000 associates, Walmart
Canada is one of Canada's largest employers and is ranked one of
the country's top 10 most influential brands. Walmart Canada was
recently recognized as a LinkedIn Top Company of 2022 and was also
named one of Canada's most popular brands (based on Google
searches). Walmart Canada has made a commitment to regeneration -
focusing on equitable opportunity, sustainability, community,
ethics and integrity. Since 1994, Walmart Canada has raised over
$500 million to support communities across Canada. Additional
information can be found at walmartcanada.ca and on Walmart
Canada's social media pages - Facebook, Twitter, Instagram and
LinkedIn .
For further information please
contact:
Hilton Food Group plc Tel: +44 (0) 1480 387214
Steve Murrells, CEO
Matt Osborne, CFO
Headland Consultancy Tel: +44 (0) 20 3805 4822
Susanna Voyle
Will Smith
Joanna Clark
Walmart Canada
Stephanie Fusco stephanie.fusco@walmart.com
Sarah Kennedy sarah.kennedy@walmart.com
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END
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(END) Dow Jones Newswires
September 14, 2023 02:00 ET (06:00 GMT)
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