Executive Summary

Premier Foods (LON:PFD) is a food and drink manufacturer that owns some of the most popular brands in the UK. It serves the retail and catering industries, and it is an exporter of UK branded food and drink products to over 70 countries worldwide. Structured into the three divisions of Grocery, Chilled and Hovis, Premier Foods is the largest food producer in the UK producing products including bread, cakes, desserts, meat-free products, cooking sauces and gravies. The Group's annual turnover is £2,661m and in 2009 it made a trading profit of £323.1m.

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