Seamus Kearney will remain a board director of Valeo and he continues to have a significant investment in the business. "I remain incredibly passionate and excited about the future for Valeo Foods," he said.
The performance of companies acquired by Larry Goodman from fellow beef baron Bert Allen in recent years allows a rare insight into the otherwise secretive ABP Food Group. Its Wexford-based beef and lamb business is the latest to disclose information.
Recent days have seen major components of inflation – energy, grain and freight prices – fall back to the levels seen before Russia’s invasion of Ukraine. Yet market observers offer no guarantees that this will last.
When the Swiss food multinational acquired Pfizer’s infant formula business in 2012, it claimed the cost of unwinding intercompany debt as a tax-deductible expense. The Tax Appeals Commission has now decided the case.
Czech investor Jan Barta has bought $49 million of Dole PLC shares from his personal funds. He intends to communicate with the board "regarding means to enhance shareholder value".
Elivia, the billion-euro meat processor part-owned by the Browne and Queally families, is roaring ahead. The Irish partners are giving themselves time to decide on a full takeover.
If the success of Valeo Foods has told us anything, it is that the industry is full of SMEs ripe for combination into something bigger. Bellingham Capital has picked a niche to apply this model – the test begins now.
With no money and no contacts, Mark Kavanagh founded a vodka company out of college. Rather than being a punchline, Wexbury is a serious proposition and it’s taking off.
Jim Bergin is CEO of Tirlán co-op, which has now separated its Irish business from Glanbia. In his first interview at Tirlán’s new head office, he outlines how the company intends to make use of its new-found independence.
The plant-based food business is stocked nationwide and has three Dublin premises. After a period of rapid growth, it has now appointed an insolvency expert under the Scarp scheme.
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