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DONWORTH ACQUIRES TWO IRISH FOOD MANUFACTURERS AND SECURES 80 JOBS

eurocogs  DONWORTH ACQUIRES TWO IRISH FOOD MANUFACTURERS AND SECURES 80 JOBS eurocogs 300x85Donworth Capital is pleased to announce the acquisition of two businesses in the Irish fresh food production sector.  The €3m investment will secure 80 jobs between the two concerns.

The company has concluded negotiations for the purchase of Galmere Fresh Foods (Galway).  It has also successfully negotiated the purchase of Taravale Foods (Naas, Co Kildare) out of Examinership.

Galmere Fresh Foods, based in Ballybrit Galway, was founded in 1980 by chef JJ Coppinger.  The company produces freshly prepared salads and soups.  Taravale, founded in 1995 by Sean Fay, is based in Naas, Co Kildare and produces fresh salads, sandwich fillers and pesto.

Both businesses manufacture for major retailers and food service providers.  The previous shareholders will remain with the businesses.  These investments will secure over 80 jobs with an overall investment of €3m over a three year period.

Donworth Capital was established in 2012 by senior industry professionals John Casey and Peter Strange.  Its strategy is to raise finance for investment in indigenous food producers, investing in people, production technology and support systems to maximise growth.  The Donworth team has a long and successful track record in the food industry and a detailed understanding of retailers’ requirements both in product development and supply chain management.

© Food and Drink Industry

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