UCE Investments shares fell 12.33 per cent yesterday after it recalled “a number” of potato salad products, and other ready meals, as there was a risk that traces of metal could be found in products made by one if its subsidiaries.
The potato and daffodil grower released a statement identifying the affected subsidiary as Swancote Foods, a Telford-based firm.
The products concerned are own label products, both ready meals and vegetable dishes, mostly from Sainsbury’s.
Produce Investments said that it had made those customers involved aware of the recall, and will be working with them to determine the extent of what has happened. It expects to resume supply shortly.
Its results for the year ending 27 June are likely to be affected by the incident. However, the statement said that the company was unsure what exceptional costs it would incur because of the recall.
The statement from the firm said: “Produce Investments is committed to maintaining the highest standards of food safety and food traceability, and is therefore extremely concerned that the quality of one of its products may have been compromised.”
Swancote Foods echoed those sentiments in its own statement, and said that its pasteurised potato products are made using a different manufacturing process, and are therfore unaffected by the situation.