Thursday 26 April 2018

Valeo Foods snaps up Robert Roberts and Kelkin

DCC Chief Executive Tommy Breen
DCC Chief Executive Tommy Breen
Gavin McLoughlin

Gavin McLoughlin

Irish food company Valeo Foods has bought tea and coffee maker Robert Roberts and health food company Kelkin for €60m from DCC.

Robert Roberts and Kelkin represented 80pc of the operating profit of DCC’s food and beverage division in the year ended March 31st.

The sale also includes Findlater Wine & Spirits, which is part of the Robert Roberts group.

“Robert Roberts, Findlater Wine & Spirits and Kelkin have a long and successful history in the Irish market and we expect them to continue to grow and develop under Valeo’s ownership,” DCC chief executive Tommy Breen said.

The Irish Independent understands that DCC is considering the sale of its entire food and beverage division, which accounted for just 1.6pc of revenue in the last financial year

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