Donworth Capital Acquires Two Irish Food Companies
Donworth Capital is acquiring two businesses in the Irish fresh food production sector. The company has purchased Galmere Fresh Foods in Galway along with buying Taravale Foods in Kildare out of Examinership. Galmere Fresh Foods was founded in 1980 by chef JJ Coppinger. The company produces freshly prepared salads and soups. Taravale, founded in 1995 by Sean Fay, 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 €3 million 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.
John Casey, managing partner at Donworth Capital, comments: “Both Galmere Fresh Foods and Taravale have been through extremely challenging times in recent months and this investment brings expertise and a well financed balance sheet to support their future development. These two companies have great potential to grow market share inIrelandand overseas.”
