What Greencore Group does

Greencore Group plc is a Dublin-headquartered, London-listed convenience food manufacturer serving the UK grocery and department-store channel. Founded in 1926 and listed under ticker GNC, the company produces fresh, ready-to-eat private-label products across categories including sandwiches, salads, wraps, quiches, pizzas, and desserts for major retailers such as M&S and Sainsbury's. Its go-to-market is sales-led B2B, with dedicated account management, field sales, and long-dated private-label supply agreements; pricing is negotiated commercially and is not publicly disclosed.

The company's underlying operating platform is a network of UK manufacturing sites producing chilled and frozen convenience foods at scale. Notable technical components include the dedicated nut production facility at the Northampton factory (opened January 2026 following a £900,000 investment), which enables at-scale nut-containing food-on-the-move products, and licensing-based manufacturing partnerships such as the Myprotein protein-enriched range for Sainsbury's. Following the £1.2 billion acquisition of Bakkavor Group plc completed in January 2026 — approved by the UK CMA conditional on divesting the Bristol sauces and soups site — the enlarged group operates with pro forma revenue of approximately £4.1 billion, an £80 million synergy target over three years, and net financial debt of £817.6 million at H1 FY26 (up from £136.2 million pre-deal). Revenue is generated primarily through one-time product sales under private-label contracts, supplemented by licensing/royalty arrangements (e.g., Myprotein with THG plc), with FY25 organic revenue growth of 7.7% and operating margin expansion from 5.4% to 6.5%.

Name

Greencore Group

Legal name

Greencore Group plc

Website

https://greencore.com

Company type

Public

Founded year

1926

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Greencore Group plc is a Dublin-headquartered, London-listed convenience food manufacturer producing private-label sandwiches, salads, quiches, pizzas, and desserts for major UK retailers including M&S and Sainsbury's, with pro forma revenue of approximately £4.1 billion following the January 2026 acquisition of Bakkavor.

Ownership category

akta.pro rank

Headquarters

HQ city

Santry

HQ country

Ireland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Convenience food manufacturing and sales: Greencore generates revenue through manufacturing and selling private-label convenience foods to UK retailers. Revenue is derived from product sales with pricing based on volume, with the H1 FY26 showing £1,318 million in total revenue following the Bakkavor acquisition.
2. Bakkavor licensing arrangements: Following the Bakkavor acquisition, Greencore assumed ongoing licensing arrangements including partnerships with brands like Myprotein for protein-enriched convenience foods sold through Sainsbury's.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Greencore Group is a leading convenience food manufacturer that produces private-label fresh, ready-to-eat food products including sandwiches, salads, wraps, quiches, pizzas, desserts, and prepared meals for major UK retailers. Following its £1.2 billion acquisition of Bakkavor completed in January 2026, the combined entity manufactures prepared meals and convenience foods at scale for retailers such as M&S and Sainsbury's under retailer brands and licensing arrangements.

Product overview

Greencore Group is a leading Irish convenience foods manufacturer operating primarily in the UK market. The company operates as a single unified product platform producing fresh, ready-to-eat convenience foods including sandwiches, quiches, pizzas, and desserts. Following its £1.2 billion acquisition of Bakkavor completed in January 2026, the enlarged group has combined two major UK prepared meals and convenience food suppliers, creating a company with pro forma revenue of approximately £4.1 billion. The product portfolio includes specialized offerings such as nut-free production facilities and protein-enriched convenience foods produced through licensing partnerships. Greencore serves major retailers including M&S and Sainsbury's with food-on-the-move and ready-to-eat products.

Differentiator

Problem solved

Functional benefit

Products and services

• Convenience Food Sandwiches

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Myprotein (THG plc)coreOEM/ Whitelabel/ Licensing Partner · 12 February 2026Greencore entered a strategic licensing partnership with Myprotein (owned by THG plc) to manufacture and launch a new range of Myprotein-branded protein-enriched salads and wraps. The products are available in Sainsbury's supermarkets and convenience stores across the UK. The partnership forms part of Myprotein's strategy to grow its offline and licensing footprint to 100,000 retail doors, with Greencore providing its expertise in fresh, ready-to-eat food production and distribution.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Cranswick plc: UK-listed food manufacturer supplying fresh pork, prepared foods, and convenience products to major UK grocers. Closely comparable private-label/fresh prepared food model serving the same major retailer customers.
• Premier Foods plc: UK-listed food manufacturer with branded and private-label ambient, chilled, and frozen products. Comparable as a UK food manufacturer serving grocery and convenience channels with overlapping product categories.
• Hilton Food Group plc: UK-listed food packaging solutions provider co-manufacturing with major grocers across multiple protein categories. Comparable as a B2B food supplier operating through dedicated retailer relationships at scale.
• 2 Sisters Food Group: Private UK food manufacturer producing sandwiches, chilled meals, bakery, and poultry products for major retailers. Highly comparable in product mix and customer base to Greencore's convenience foods business.

Broad incumbents

• Associated British Foods plc: Diversified UK-listed food and retail conglomerate (Twinings, AB Sugar, Kingsmill, Primark). Overlaps in UK food manufacturing and grocery supply but operates a much broader portfolio than Greencore's focused convenience foods business.
• Kerry Group plc: Irish-listed global taste and nutrition company serving food manufacturers and foodservice. Comparable as an Irish-domiciled food business supplying B2B customers, though focused upstream on ingredients rather than finished convenience foods.
• Nomad Foods Ltd: European frozen food company (Birds Eye, Iglo) producing prepared and frozen meals across Europe. Overlaps with Greencore in prepared/convenience meals but skewed toward frozen, branded rather than private-label.
• Tate & Lyle plc: UK-listed food ingredients and solutions provider. Adjacent as a UK-listed food business but operates in B2B ingredients rather than finished convenience foods.

Others

• Compass Group plc: Global contract foodservice operator. Adjacent rather than directly competitive — Compass serves out-of-home eating while Greencore supplies retailer private-label food, but both sit within the broader prepared-foods value chain.

Emerging players

• Myprotein (THG plc): THG-owned sports nutrition and supplement brand now licensing into physical retail via Greencore. Thematically connected as a high-protein brand targeting the GLP-1/protein consumer trend that Greencore is also pursuing.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/greencoregroup
• Facebookfacebook.com/greencoregroup
• LinkedInlinkedin.com/company/greencore
• Instagraminstagram.com/greencore_group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A15 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greencore Group