The UK-based Eight Fifty Food Group controlled by private equity firm CapVest Partners, has announced the acquisition of Carroll Cuisine from Carlyle Cardinal Ireland, for an undisclosed sum.
Carroll, a producer of cooked meats and convenience food employs, approximately 300 people in its site in Tullamore, Co Offaly.
Carroll will be integrated into Eight Fifty’s pork division and will further expand Eight Fifty’s presence in the Republic of Ireland following the acquisition of M&M Walshe in June 2020.
Upon completion, Eight Fifty will have sales of around £1.9 billion and employ around 8,300 people across 23 manufacturing sites in the UK, Republic of Ireland, Germany and France.
Di Walker, CEO of Eight Fifty Food Group, said that Carroll will be a great addition to their business.
"Eight Fifty are guardians of strong brands across multiple proteins and so we are delighted to add the Carroll’s business to our growing group.
"Like our Young’s brand in seafood, the Carroll’s name is synonymous with quality, value-added protein products," he said.
Commenting on behalf of Carroll, John Comerford, said they are looking forward to working with Eight Fifty.
"The interest in Carroll is testament to the work that CCI and the entire Carroll’s management team have completed over the last five years.
"Through continuous investment and innovation, we have delivered the highest quality produce to our customer base," he said.
Jason Rodrigues, Partner, CapVest, said that Carroll’s is another "great European addition" to their growing portfolio.
"We look forward to leveraging the Eight Fifty platform to further develop the business going forward," he added.
