Bernard Horn Comments on Greencore Group

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Jan 22, 2020

Within the consumer staples sector, Greencore Group (LSE:GNC, Financial) gained ~25% while JM Smucker and Asahi Group lagged. Greencore hosted a capital markets day in September, where management boasted of new customer wins while managing its acquisition of salad/snacking manufacturer, Freshtime UK. The company hinted at further acquisitions in the highly-profitable fresh snacking space.

From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund fourth-quarter 2019 shareholder letter.