T&G Global looks to sell food processing T&G Foods unit

Sun, 15 Oct 2017

By Rebecca Howard Oct. 16 (BusinessDesk) - T&G Global, the fruit marketing firm controlled by Germany's BayWa, wants to sell its food processing subsidiary T&G Foods as the apple processing business has been hurt by a decline in fruit volumes and a slide in apple juice concentrate prices. The company reviewed the unit's operations and determined it's non-core and consequently should be either sold, rationalised or closed, it said in a statement. Expressions of interest close on Nov. 15. “Despite the best efforts of T&G Foods’ managem...

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