FDBusiness.com

Cold Move Completes Management Buy Out in €4.5 Million Deal

 Breaking News
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...
  • The Hershey Company Takes Minority Stake in Irish Snacking Brand The Hershey Company, the US-based food group, has made a minority investment in Fulfil Holdings, the owner of the snacking brand FULFIL. Headquartered in Dublin, Ireland, FULFIL has rapidly grown since its inception, now outselling many traditional chocolate snack bar brands in the UK and Ireland and named a top 50 consumer brand in Ireland. Brian [...]...
  • UK Restaurant Numbers Drop Again as Consumer Tastes Shift Britain’s restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners reveals. Independent operators have borne the brunt of the closures with group-owned restaurants proving more resilient despite some major brand failures. The quarterly survey of the country’s supply of licensed premises reports a 3.4% drop in [...]...
  • Molson Coors Commits to Reduce Plastics in Packaging Molson Coors in the UK and Ireland is removing the plastic packaging from its Carling and Coors Light brands, as part of new global packaging goals. The brewer will remove the plastic film wrap from large multipacks by the end of March 2020, replacing the plastic wrap with 100% recyclable fully enclosed carton board. By [...]...
  • Carlsberg Group Upgrades Full Year Operating Profit Outlook Carlsberg Group has delivered organic operating profit growth of 17.7% for the first half of 2019 with reported growth of 18.2% to DKr 5.17 billion (€693 million). Organic net revenue growth was 4.2% and on a reported basis net revenue rose by 6.5% to DKr32.99 (€4.42 billion). Operating margin improved by 160bp to 15.7%. Reported net [...]...

Cold Move Completes Management Buy Out in €4.5 Million Deal

Cold Move Completes Management Buy Out in €4.5 Million Deal
March 18
10:00 2015

Supply chain expert Cold Move Ltd has announced the completion of its management buy out, in a €4.5 million deal structured by Donworth Capital.  Cold Move provides temperature controlled and ambient supply chain management services to retailers, manufacturers, brand owners and food service operators.  This secures over 100 jobs (60 direct employees) in four facilities based in Galway and Dublin, servicing customers in Ireland, the UK and Europe.

Managing director Jason Mallon joined the business at its inception in 2005 and together with senior management has partnered with John Casey of Donworth to structure the acquisition which was part financed by Bank of Ireland.  Cold Move recorded turnover of €7.6 million in 2014 and is forecast for continued growth.

Donworth Capital, established in 2012 by senior industry professionals John Casey and Peter Strange, invests in businesses with growth potential and provides strategic corporate advice to businesses on mergers, acquisitions and restructuring.

Jason Mallon comments: “Cold Move is now well placed to continue its development as a leader in the supply chain sector. The re-structuring brings expertise and a well-financed balance sheet, enabling the development of our business. The team would like to thank Donworth for their on-going support through the process and welcomes John as Chairman of the Board of Cold Move.”

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

Jobs: Logistics

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements