FDBusiness.com

Consolidation in Irish Grain and Feed Industry

 Breaking News
  • Arla Foods UK Launches New Standards Model to Bring Sustainable Change to Dairy Farming With ongoing volatility in the global milk markets, increasing consumer misunderstanding of the sector, polarised levels of support for UK dairy farmers and a new post-Brexit Agriculture Bill the challenges for dairy farmers are mounting. Farmer-owned co-operative Arla Foods has launched ‘Arla UK 360’ – a new standard in UK dairy farming. The Arla UK 360 [...]...
  • €172 Million to Promote EU Agri-food Products In and Outside the EU The European Commission will provide funding of €172.5 million from the EU agricultural budget to promote EU agri-food products in Europe and across the world. 79 campaigns, covering a wide range of products such as dairy products, olives and olive oil, and fruit and vegetables, will be rolled out over the next three years. Agriculture and [...]...
  • €40 Million VistaMilk SFI Research Centre Launched in Ireland The Irish Government has launched the new VistaMilk SFI Research Centre which is jointly funded by Science Foundation Ireland (SFI) and the Department of Agriculture, Food and the Marine. The VistaMilk Centre will be hosted by Teagasc Moorepark, in partnership with a number of research performing organisations. Multinational and SME companies in the food and ICT [...]...
  • Autumn Chill Puts Sunday Lunch Back on the Menu For UK Shoppers UK shoppers have returned to seasonal favourites as supermarket spending cools off, according to the latest figures from Kantar Worldpanel, for the 12 weeks to 7 October 2018. Overall sales grew 3.2% compared to the same 12 weeks last year. Though this is a slight slowdown from the highs reached during 2018’s hot summer, sales [...]...
  • Müller Milk & Ingredients Completes Integration and Appoints CFO Brian Watson has been appointed as Chief Finance Officer at Müller Milk & Ingredients (MMI). He joins the business from Marmon, a $7.7 billion Berkshire Hathaway company operating in the supermarket and food service sector. The appointment comes as MMI confirms completion of the biggest integration the UK dairy industry has ever seen – merging [...]...

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

  • October 18, 2018Future Food-Tech London - Marketing Partnership
  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements