Food manufacturer Premier Foods has announced that it has signed an agreement with 2 Sisters Food Group to sell its Brookes Avana business for £30million.

The Brookes Avana business comprises RF Brookes chilled foods and Avan Bakeries. The decision to sell the business comes following the Group's announcement in October that it will focus investment behind eight Power Brands and dispose of selected businesses with the aim of improving the overall growth of the Group.

Commenting on the proposed sale, Michael Clarke, chief executive officer, said: "The sale of Brookes Avana underlines our commitment to focus the business on growing a smaller number of brands. Brookes Avana will have a better opportunity to grow with 2 Sisters Food Group given their focus in the chilled food sector. I wish them every success in the future."

Ranjit Singh, chief executive, 2 Sisters Food Group, said: "This is an excellent strategic fit and, following completion, we will focus on delivering growth opportunities and enhancing the performance of the business."

It is intended that all employees of Brookes Avana will transfer with the business.