History
Princes’ heritage dates back to 1880, when it was established as a fish importing business in Liverpool, the city where its international headquarters are still located today. Initially, the company expanded into new markets including the import of canned and ambient foods from around the world. Princes’ first venture into food manufacturing happened in 1946, starting a period of diversification and growth which continues today. Princes first entered continental Europe in 1960 and today its European operations are managed from its offices in Rotterdam in the Netherlands. As a wholly owned subsidiary of Mitsubishi Corporation since 1989, Princes has completed a number of high-profile mergers and acquisitions in the last two decades that have added significant scale to the business. In February 2018, Princes announced it was conducting a business review after net profits fell from £43.5m to £0.5m in the space of one year. In October 2018, it was announced factories in Manchester and Chichester were closing.Timeline
* 1880 Founded in Liverpool by Simpson & Roberts * 1900 Princes Pure Foods formed, Princes brand established * 1946 Princes starts first manufacturing venture * 1960 Princes enters continental Europe * 1968 Purchased by J. Bibby and Sons * 1989 Mitsubishi Corporation buys Princes * 1991 Princes enters the soft drinks category through the acquisition of Barraclough * 1999 Princes acquires Tuna Mauritius * 2001 Princes acquires both the Shippam’s and Napolina brands/businesses * 2004 Princes acquires water business and the Aqua Pura brand * 2005 Princes acquires cooking oils brands and forms Edible Oils Limited (EOL) joint venture business. Princes establishes MC Foods Europe * 2010 Princes opens Princes Polska office and forms joint venture business to expand distribution of oils in eastern and central Europe * 2011 Princes acquires two East Anglian canning operations and the Crosse & Blackwell and Farrow’s brands * 2012 Princes Industrie Alimentari S.r.L. (PIA) created and processing factory in Foggia Italy acquired * 2015 Princes Tuna (Mauritius) completes agreement to create enlarged tuna processing operation * 2018 Princes announce business review after net profits fall to £0.5m In October 2018 they announced factories in Manchester and Chichester are to close, with a further review of operations still goingOwned and operated brands
Brands Some of the well-known brands (*= Licensed brands) Princes manufacture and produce are: * Aqua Pura - natural mineral water brand sourced from Cumbria *Sites
Princes operates 15 production sites across the globe. These are: UK food sites: * Chichester – on the south coast of England, this site produces a variety of pack formats from cans and jars to pouches and microwavable pots * Long Sutton – located in rural Lincolnshire, this site produces a range of canned products including baked beans, vegetables, fruit, pulses, pies, pasta, meatballs and ready meals * Wisbech – located in Cambridgeshire, this site produces canned and pouch products including baked beans, soups, pulses, pasta, vegetables and sauces UK soft drinks sites: * Eden Valley – set in the Cumbrian countryside, this site draws natural mineral water from what is believed to be one of Europe’s largest aquifers. The site’s water sources are protected, as it is set in an EU Special Area of Conservation * Cardiff – produces juice products in cartons * Manchester – produces fruit juices in bottle and carton formats * Bradford – this site produces squash and carbonated soft drinks * Glasgow – supplies canned soft drinks Edible oils: * Belvedere – located in the South East, this site produces olive and speciality oils * Erith – located in London, this site produces cooking oil * Szamotuły – Located in the north west region of Wielkopolska in Poland, the site primarily produced rapeseed oil. International: * Riche Terre, Port Louis, Mauritius – one of the most technologically advanced tuna processing facilities in the world *References
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