Sector News

Valeo Foods snaps up Robert Roberts and Kelkin

October 3, 2014
Food & Drink
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
 

Related News

July 31, 2021

India’s United Breweries becomes part of the HEINEKEN group

Food & Drink

Heineken announces that, following United Breweries Limited’s (UBL) annual general meeting on 29 July 2021, it has obtained control of UBL in India.

July 31, 2021

Ferrero reaches 100% sustainable sugarcane sourcing

Food & Drink

Collaboration has been a vital driver of Ferrero’s sustainability journey, and the company has developed long-standing partnerships with trusted suppliers.

July 31, 2021

NovoNutrients nets US$4.7M for converting CO2 emissions into protein using microbial fermentation

Food & Drink

NovoNutrients is making moves to scale its process that uses industrial carbon dioxide emissions, cheap hydrogen and naturally occurring microbes to create high-grade proteins for human and animal consumption.

Send this to a friend