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Hilton signs co-operation deal with Portugal’s food retailer

Staff Writer |
Hilton Food Group signed an agreement with ModeloContinenteHipermercados to enter a period of co-operation for the supply of retail packaged fresh meat into Sonae stores in Portugal.

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It is expected that this Agreement will lead to the formation of a joint venture with Sonae in due course.

Under the terms of the Agreement, Hilton will cooperate with Sonae for an initial period of 6 – 9 months to improve the production facilities located in Portugal. Products supplied from the facility will include a wide range of packaged meat.

It is expected that after the initial period of co-operation, Hilton and Sonae will form a joint venture to implement this partnership.

Commenting on the agreement, Hilton CEO Robert Watson said: "This is an exciting growth opportunity for Hilton Foods to work with Sonae, Portugal’s leading food retailer, utilising our tried and tested business model in the Portuguese market.

"As we have previously demonstrated, our flexible and versatile business model enables us to meet local requirements with customers in each country and as such, we are able to enter new territories successfully. We continue to look for further opportunities for geographic expansion.”


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