Greencore: No Other Products or Facilities Affected by Horse Tests

LONDON--Greencore Group PLC (GNC.LN) a food supplier, Monday said that apart from apart a Bolognese Sauce which was withdrawn by Wal-Mart Stores Inc. (WMT) U.K. subsidiary Asda Supermarkets because it was found to contain horse DNA, the results of all tests on its products have been negative.

MAIN FACTS:

-Sauce was made in Greencore's Bristol facility; none of its other 21 Convenience Foods sites has been affected

-Greencore has been in constant dialogue with its customers; says customers support responses

-Has received assurance from Asda that it remains supportive of Greencore and the steps it is taking

-Bristol facility: Greencore and customers have tested a range of meat and non meat products at the facility and all results have tested negative

-As a precaution, Greencore completed a full deep clean shutdown of its Bristol facility over the weekend before restarting full production Monday

-Greencore is implementing additional species screening procedures in its supply chain for beef related ingredients going into all Greencore facilities

-Shares closed Friday at 93 pence valuing the company at GBP364 million.

-Write to Ed Ballard at [e-mail]

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