US deal helps Baxters Food Group owner drive sales

Audrey Baxter said the Wornick deal had 'transformed' the Highlands food group. Picture: Jane Barlow
Audrey Baxter said the Wornick deal had 'transformed' the Highlands food group. Picture: Jane Barlow
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The owner of Baxters Food Group has seen sales jump on the back of its integration of US catering business Wornick.

WA Baxter & Sons (Holdings) boosted turnover by 40 per cent to £226 million in the year to last May as core earnings rose to £20.2m, up from £15.5m the previous year.

The Fochabers-based firm also took exceptional one-off charges of £5.5m.

READ MORE: Baxters looks for US boost amid ‘volatile’ market

Audrey Baxter, executive chair and chief executive, said: “As intimated last year, the acquisition of Wornick into the Baxters family has made a transformational change to the scale of our business.

“While our 2015 results reflect the costs of such a significant acquisition, I am pleased to confirm that our projections for the current year’s trading will demonstrate the significant synergies we have made across our global operations.”