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Premier buys Campbell Irish business

British group Premier Foods has agreed to buy the UK and Irish operations of the Campbell Soup Company for £460m.

The Irish brands involved include Erin soups, McDonnells sauces and Oxo stock cubes. The company operates the Erin plant in Thurles, Co Tipperary and also has an office in Dublin. Campbell bought Erin from Greencore in 2002.

The Campbell UK and Ireland operation made pre-tax profits of £20.5m on sales of £263m in the year to the end of July last year.