Sector News

Valeo Foods snaps up Robert Roberts and Kelkin

October 3, 2014
Consumer Packaged Goods
Irish food company Valeo Foods has bought tea and coffee maker Robert Roberts and health food company Kelkin for €60m from DCC. 
 
Robert Roberts and Kelkin represented 80pc of the operating profit of DCC’s food and beverage division in the year ended March 31st.
 
The sale also includes Findlater Wine & Spirits, which is part of the Robert Roberts group.
 
“Robert Roberts, Findlater Wine & Spirits and Kelkin have a long and successful history in the Irish market and we expect them to continue to grow and develop under Valeo’s ownership,” DCC chief executive Tommy Breen said.
 
The Irish Independent understands that DCC is considering the sale of its entire food and beverage division, which accounted for just 1.6pc of revenue in the last financial year.
 
By Gavin McLoughlin
 

comments closed

Related News

May 26, 2024

Heineken Pilot looks to boost digital supply chain flexibility

Consumer Packaged Goods

Heineken is investing in its ability to “mix and match” demand planning models as it builds out a connected supply chain. The flexibility to select models for both shorter and longer horizons remains a current challenge in demand planning, Corneel Hindriks, Heineken manager of digital and technology, global planning, tells CGT.

May 26, 2024

KPS to snap up Tate & Lyle’s corn business in US$350 million deal

Consumer Packaged Goods

US-based investor KPS Capital Partners is set to acquire Tate & Lyle’s joint venture Primient, which formulates plant-based ingredients, for US$350 million. The move will complete KPS’ remaining 49.7% ownership of the company to propel Primient’s corn business by modernizing operations, supporting growth initiatives and sustainability practices.

May 26, 2024

Kimberly-Clark names Patricia Corsi Chief Growth Officer

Consumer Packaged Goods

Kimberly-Clark has selected Patricia Corsi to lead its marketing and adjacent growth strategies, succeeding Alison Lewis as chief growth officer. Corsi will be tasked with accelerating brand and commercial program success, driving long-term growth for the company.

How can we help you?

We're easy to reach