20 May 1999
Geest plans £40m investment

GEEST plans to invest more than £40 million in the current year to support its sales of fresh prepared foods.

Ian Menzies-Gow, chairman, told shareholders at the annual general meeting that the company would meet its forecasts for the current year.

He said new factories making prepared salads and ready meals had started successfully.

A £5m expansion of one factory was underway in Belgium while in the UK two factories were about to begin production.

  • Financial Times 20/05/99 page 31 (News Digest)