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Cork-based Delicious Bakery raises €175k investment and creates nine jobs

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Cork-based Delicious Bakery raises €175k investment and creates nine jobs

Cork-based Delicious Bakery raises €175k investment and creates nine jobs
May 24
09:54 2013

Boole Investment Syndicate, supported by the Halo Business Angel Network (HBAN) and Cork Business Innovation Centre (Cork BIC), has announced that Cork-based company Delicious Bakery has received investment of €175,000 from private business angel investors, with additional funding also received from Enterprise Ireland.

Delicious specialises in gluten, dairy, yeast and wheat free products, currently employs nine people in Cork and is creating a further nine jobs over the next two years as a result of the investment.

Delicious was founded in 2007 by Denise O’Callaghan, following her father’s diagnosis as a coeliac and she quickly recognised that there was a lack of, good tasting, gluten free food products on the market.

As a result, she made the decision to leave her job in Dublin and return to Cork where she set up the Delicious Bakery.

Delicious supplies to Dunnes Sores, Tesco, Supervalu and Aer Lingus, among others, and is now is looking to expand its product line and enter the UK market.

“We decided to establish the business in Cork as we have family support here but also, Cork has the highest concentration of coeliacs in Ireland,” said O’Callaghan.

“The business has gone from strength to strength and we are now in a situation where we have outgrown our current premises and need a larger bakery to facilitate our growth. We also want to look at new markets, such as the UK, which is why we sought investment at this time. The business planning advice we received from Cork BIC when preparing for the investment process was vital.”

Shemas Eivers of the Boole Syndicate added: “Members of the Boole syndicate invested jointly in the Delicious Bakery as this is a very pioneering company that identified a large gap in the market and is being run by a managing director with a strong business background.

“We believe it is important that Cork has a strong business angel community to encourage a vibrant and local economy. We want to grow the Boole Syndicate in order to increase the available funds and expertise within the group.

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