Saturday 7 December 2019

Bert Allen and family

Place: 30 Change: - 1

Bert Allen and family

Bert Allen and family

Worth 2016 €475 m (4.40%)

Worth 2015 €455 m

  • Industry Food

Late last year it emerged that Larry Goodman's ABP was trying to buy the Allen family's 50pc stake in Slaney Foods, a joint venture with Northern Ireland's Linden Group.

Wexford-based Slaney has about 6pc of the Irish market and has big contracts with Lidl and McDonalds. Most recent financial statements showed turnmore than north of €200m, but it is likely to be far higher.

The Allens have other interests. They sold the Bewleys Hotel Group for €580m in 2008, just before the markets collapsed, in what may go down as the best-timed deal in history. They are also one of the largest private windfarm backers in the country, holding an 18pc stake in €150m valued Gaelectric.

There are also valuable German property holdings, including assets in Dusseldorf and Marl. Allen (77) is a serious collector of Eileen Gray furniture, and has restored her Brownswood family home in Wexford. One of the Irish designer's chairs sold for almost €22m.

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Bert's son Bertram is a prodigiously talented showjumper who has competed in the Equestrian World Cup for Ireland.

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