Hilton Food Group (HFG): Business and portfolio review
This situation live
HFG Hilton Food Group
11 Nov 2025 · Advanced stage, opportunities identified · −8% until the next step
The Group expects to provide an update on the conclusions of the review alongside the Full Year Trading Update on 29th January 2026.
29 Jan 2026 · Nearing completion; core meat focus expected · +12% until the next step
The Group's strategic review is nearing completion.
31 Mar 2026 · Improvement plans being implemented · +9% until the next step
We are executing improvement plans in Seachill, Foppen and Dalco, businesses that have limited synergy with the Group's core capabilities, to increase strategic optionality.
19 May 2026 · Cost reduction and volume plans under way · +28% until the next step
Cost reduction plans are being implemented in Seachill against a backdrop of continuing volume challenges.
3 Sep 2026 · Dalco sale agreed; Seachill plans gaining traction · +1% since
Seachill performance improvement plans expected to have a positive impact in H2 2026.
Business and portfolio review
Dalco sale agreed; Seachill plans gaining traction
Next: Dalco sale completion; Seachill H2 improvement impact
Every step · 5
- 11 Nov 2025 Advanced stage, opportunities identified – The Group expects to provide an update on the conclusions of the review alongside the Full Year Trading Update on 29th January 2026. ↗
- 29 Jan 2026 Nearing completion; core meat focus expected – The Group's strategic review is nearing completion. ↗
- 31 Mar 2026 Improvement plans being implemented – We are executing improvement plans in Seachill, Foppen and Dalco, businesses that have limited synergy with the Group's core capabilities, to increase... ↗
- 19 May 2026 Cost reduction and volume plans under way – Cost reduction plans are being implemented in Seachill against a backdrop of continuing volume challenges. ↗
- 3 Sep 2026 Dalco sale agreed; Seachill plans gaining traction – Seachill performance improvement plans expected to have a positive impact in H2 2026. ↗
What is happening
Hilton Food Group: Business and portfolio review – Dalco sale agreed; Seachill plans gaining traction. ['Dalco sale agreed; Seachill plans gaining traction']
- In short
- Since March 2026 the company has run improvement plans at Seachill, Foppen and Dalco. Dalco's sale was agreed in July 2026 with a £16.7m impairment, removing its losses from guidance. Seachill plans are expected to help in H2, while Foppen was disappointing.
- Announced
- 11 Nov 2025 · Advanced stage, opportunities identified
- Latest
- 3 Sep 2026 · Dalco sale agreed; Seachill plans gaining traction
- Seachill
- Improvement plans expected to have positive impact in H2 2026
- Dalco
- Sale agreed July 2026; £16.7m non-cash impairment; held for sale; price not stated
- Aim
- Increase strategic optionality
- Next milestone
- Interim results 3 September 2026
- Foppen
- Disappointing; margin pressure; ongoing Greece-US export restrictions
- Seafood result
- Adjusted operating loss £2.2m vs £2.8m profit in H1 2025
What comes next
Dalco sale completion; Seachill H2 improvement impact.
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Also at Hilton Food Group 2 open
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Hilton Food Group – company page →