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Greencore COMPANY OVERVIEW Greencore is a supplier of a variety of foods It provides convenience foods ingredients and a number of agricultural products The company is headquartered in Dublin Ireland For fiscal 2003 Greencore generated revenues of 14 billion compared with the previous years revenues of 15 billion The company reported a profit after taxation of 315 million for 2003 compared with a profit after taxation of 101 million in 2002 The origins of Greencore Group stem from the Irish Sugar Company and in the first stage of its existence the Group was largely focused on the processing and supply of ingredients on an international basis As part of its involvement in helping to improve crop yields the Group also developed into the agribusiness sector although more recently it has disposed of some of these businesses The Group has strong market positions in sugar and malt together with associate companies involved in flour milling and other ingredients which provide strong cash generative support for the Group more recent development into convenience foods Greencore Group plc is a major international manufacturer and supplier of food ingredients and prepared foods Our manufacturing sites are located in Ireland Great Britain The Netherlands Belgium and Germany and employ over 9000 people Greencore Group Companies supply the majority of UK retailers and many in Continental Europe in addition to manufacturing and food service customers A programme of ongoing investment means that Greencore Group have facilities which are amongst the most advanced in the food industry In the last three years the company have invested 25m in Sandwiches 15m in Quiche and 20m in Cakes Desserts and are currently commissioning its latest 195m investment in Chilled Meals These Centres of Excellence provide working environments which are second-to-none whilst ensuring that Greencore remain responsive to the changing needs of its customers and the dynamics of the marketplace History Floatation IPO by the Irish government in 1991 by sale of 55 of
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