FDBusiness.com

Consolidation in Irish Grain and Feed Industry

 Breaking News
  • HKScan Strengthens its Meals Offering With Investment in Estonia HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in [...]...
  • Food and Drink is at the Heart of the UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print returns to Birmingham’s NEC on 28 February-1 March 2018, and is set to be the most innovative show to date. With over 290 exhibitors already signed up, the UK’s largest annual event for the entire packaging supply chain will feature the latest industry innovations and technologies, alongside a major free-to-attend [...]...
  • AGRO Merchants Group Acquires Grocontinental AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO’s position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, third generation owners of [...]...
  • Trade Fair and More – The Event and Congress Programme For Anuga FoodTec 2018 Resource efficiency will be the primary focus of Anuga FoodTec 2018, the leading international supplier fair for the food and beverage industry, which will be held in Cologne, Germany from 20 to 23 March 2018. Around 1,700 suppliers from more than 50 countries will be presenting their new products for the production and packing of [...]...
  • TINE to Invest €77 Million in New Jarlsberg Plant in Ireland TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable. “Jarlsberg [...]...

Consolidation in Irish Grain and Feed Industry

February 01
12:53 2011

Irish agri-nutrition and food company Origin Enterprises, which is 71% owned by international bakery group Aryzta, has together with W&R Barnett completed the transaction to establish an all-Ireland grain and feed handling, logistics and trading business. The new enterprise will be formed through the integration of Origin’s business of R&H Hall in the Republic of Ireland with the business of Origin and Barnett in Northern Ireland.

The combined business brings together two of Ireland’s indigenous grain and non-grain feed ingredient importing businesses servicing the animal feed and cereal milling industries.

Barnett is paying Eur28m to acquire a 50% stake in R&H Hall mirroring the economic interests of Origin and Barnett in the Northern Ireland business. R&H Hall generated an operating profit of Eur5.1m for the year ending 31st July 2010 on revenues of Eur301m. Origin will use the proceeds to initially repay debt and ultimately to fund development of the group.

For the year to 31st July 2010 the Origin’s agri-nutrition division generated revenues of Eur1.08b and operating profit of Eur48.2m. Its food division had sales of Eur260.1m and operating profit of Eur13.8m.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Dutch Organic Trade Fair
  • January 17, 2018Anfas Food Product
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements