Mr Kipling is now preparing to stockpile ahead of Brexit

PUBLISHED: 13:36 13 November 2018 | UPDATED: 14:28 13 November 2018

Cakes produced by Mr Kipling, which is owned by Premier Foods. Photograph: Jason Alden/Newscast.

Cakes produced by Mr Kipling, which is owned by Premier Foods. Photograph: Jason Alden/Newscast.

All rights Reserved Newscast 2005

It is far from "exceedingly good" news for the owner of Mr Kipling - as it announced it is preparing to stockpile raw materials ahead of Brexit as concerns rise about the potential impact.

Premier Foods, which owns Bisto, Oxo and Mr Kipling, said it was having to take steps “in the absence of certainty over the arrangements for the UK’s departure from the EU”.

MORE: Subscribe to The New European for 26 weeks and get our exclusive Christmas cards FREE

The business is expected to spend up to £10 million to prepare for the UK crashing out of the EU.

“The group shortly intends to start a process of building stocks of raw materials to protect the company against the risk of delays at ports,” Premier Foods announced.

It said it had spent several months looking at contigency plans for Brexit which looked at a “range of scenarios” which the UK’s departure could cause.

MORE: Femi Oluwole destroys ‘undemocratic’ Brexiteer

“As part of this, Premier Foods have a cross-functional team in place which continues to keep the possible implications to our business under review.”

It added: “This is purely a precautionary measure as Premier Foods, like all companies, ensures it’s prepared for any Brexit scenario.”

MORE: Louis Theroux tempted to make documentary about Nigel Farage

Premier Foods also announced it would be looking to sell its Ambrosia custard and rice pudding business following a difficult summer for the business.

Become a Supporter

The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.

You've seen the news, now discover the story

The New European is committed to providing in-depth analysis of the Brexit process, its implications and progress as well as celebrating European life.

Try 13 weeks for £13

Latest Articles

Most Read

latest issue


Here's our weekly pick of the upcoming Remain-focused campaign activities, talks and events nationwide.

Newsletter Sign Up

The New European weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy