Greencore has completed its acquisition of Bakkavor, after the court-sanctioned scheme of arrangement became effective on 16 January 2026.
The transaction brings together two major suppliers of UK supermarket private label convenience food, covering both “food for now” and “food for later” ranges. Greencore said it has been preparing integration plans in recent months and will now move into execution.
The RNS update follows the company’s statement on 15 January 2026, when the court sanctioned the scheme, and confirms the court order has now been delivered to the Registrar of Companies, making the scheme effective under its terms.
Greencore chief executive Dalton Philips said the combined business is intended to create a “UK national convenience food champion” and described the completion as a milestone during Greencore’s centenary year. He added that the focus now turns to integrating the two businesses while continuing to serve customers.
Settlement Terms Confirmed
Under the scheme, each Bakkavor shareholder on the register at the Scheme Record Time (6.00pm on 15 January 2026) is entitled to receive a mixed consideration package of:
85 pence in cash
0.604 new Greencore shares
1 contingent value right (CVR)
Greencore and Bakkavor said settlement will be made as soon as reasonably practicable and in any event by no later than 30 January 2026.
London Market Timetable
The listing of Bakkavor shares and dealings on the London Stock Exchange Main Market were suspended from 7.30am on 16 January 2026.
Bakkavor shares are expected to be delisted and to cease trading on the Main Market from 8.00am on 19 January 2026, with cancellation of the listing also expected at that time.
Greencore has applied for admission of up to 361,902,219 new ordinary shares (1p each) to trading on the London Stock Exchange Main Market. The new Greencore shares are expected to be admitted to listing and to trading by 8.00am on 19 January 2026.
Board Changes and Takeover Status
Following the scheme becoming effective, Bakkavor said its non-executive directors have tendered their resignations and stepped down from the board.
The companies also confirmed they are no longer in an “offer period” under the Takeover Code, meaning previous dealing disclosure requirements no longer apply.
Other Update Referenced In The Filing
Greencore said there has been no material change to matters set out in its earlier firm intention announcement, aside from items already disclosed in the prospectus published on 8 January 2026, the details in this RNS update, and the completion of the sale of Greencore’s Bristol chilled soups and sauces manufacturing site to Compleat Food Group on 12 January 2026.
Why It Matters
For UK supermarkets, this is a meaningful shift in the private label convenience food supply base. Greencore and Bakkavor are both large-scale producers in chilled prepared food and “food to go” categories that sit at the centre of own-label growth. A combined group with a broader portfolio and larger production footprint can influence how retailers structure supply, manage continuity, and negotiate cost changes across ingredients, packaging, and labour.
It also increases competitive pressure on other UK chilled convenience suppliers, at a time when retailers are still using private label ranges to defend value perception and protect availability in high-velocity categories.
Editor’s Note: Based on Greencore Group PLC and Bakkavor Group PLC’s regulatory announcement published via the London Stock Exchange Regulatory News Service (RNS) on 16 January 2026.
