Greencore Group (GNC.L, GNC LN)
Greencore is a manufacturer of convenience foods with operations in the UK. Activity is largely concentrated on supplying food-to-go solutions to retail customers and other channels such as independent grocers and food service. It has strong positions in 'food to go' (sandwiches, salads, sushi) and 'chilled meal solutions' (ready meals, sauces, quiches). Greencore exited its US business in late 2018, following its earlier entry into the US market via a series of acquisitions from 2008 onwards. The model has reverted to a simpler UK-centric business with a mix of lower growth but higher returns on capital and cash generation capability.
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