Premier Foods plc: Pension payments suspension is credit positive
The suspension increases the company's cash flow generation capacity and provides greater financial flexibility.Premier Foods is a food company. Co.'s business is organized around five main categories: flavourings & seasonings with brands that include Bisto, OXO and Paxo; cooking sauces and accompaniments with brands that include Sharwood's, Loyd Grossman and Homepride; quick meals & soups with brands that include Batchelors and Smash; ambient desserts with brands that include Ambrosia, Bird's, Angel Delight, Mr Kipling and Cadbury; and ambient cakes with brands that include Mr Kipling, Cadbury and Lyons. Co.'s key customers include U.K. supermarkets as well as a range of other channels including discounters; convenience stores; online; wholesale and food service.
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