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Greencore Group, an Ireland-based manufacturer of prepared and convenience meals, has acquired a US manufacturer, Home Made Brand Foods of Massachusetts, saying that the purchase will give it entry "into the growing chilled convenience food market in North America."

One of Greencore's major UK customers for its products is Tesco, which also is in the middle of a North America foray with its Fresh & Easy stores in California, Arizona and Nevada.

The deal reportedly will cost Greencore $44 million at the outset, which could increase by as much as $10 million depending on 2008 financials.

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