UK's Hilton Food pivots to core meat business, plans seafood operation overhaul
31/03/2026 07:37
March 31 (Reuters) - Britain's Hilton Food Group HFG.L said on Tuesday it would focus on its core meat business and implement improvement plans for some seafood and plant-based protein units, after its annual profit fell 4%. Hilton Food has been struggling with volume declines at its UK seafood business and regulatory issues at its Foppen smoked salmon unit in Greece. The company completed a strategic review in early 2026. It will implement improvement plans for its UK seafood unit Seachill, smoked salmon business Foppen, and vegan and vegetarian arm Dalco, which the company says have limited synergy with its core operations. The London-listed company reported adjusted operating profit from continuing operations of 95.1 million pounds ($125.59 million) for 2025, down 4% on the prior year. Hilton Food keeps its 2026 outlook unchanged. ($1 = 0.7572 pounds) (Reporting by Nithyashree R B and Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu) ((NithyashreeRB@thomsonreuters.com))