DCC May Buy Irish Unit of Premier Foods, Sunday Times Reports

DCC Plc (DCC) is close to acquiring Premier Foods Plc (PFD)’s Irish division, the Sunday Times reported, without saying where it got the information.

Boyne Valley Foods and Valeo Foods are also interested in buying the unit of the British food company, the Sunday Times said. The business has been expected to sell for between 30 million euros and 40 million euros ($40 million to $54 million), the London-based newspaper said in its Irish edition.

A spokesman for DCC couldn’t be contacted for comment outside regular office hours. DCC declined to comment on the report, the Sunday Times said.

To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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