Karro Foods and Young's Seafoods parent group Eight Fifty has announced the acquisition of an Irish meat producer.
The undisclosed deal for Carroll's Cuisine, which employs around 300 people at its site in Offally, will increase Eight Fifty Food Group's presence in the Republic of Ireland, following the acquisition of M&M Walshe in June.
The deal will give Eight Fifty sales of around £1.9bn and a workforce of 8,300 people across 23 manufacturing sites in the UK, Republic of Ireland, Germany and France.
The transation is subject to approval by the Irish Competition and Consumer Protection Commission.
Di Walker, chief executive of Eight Fifty Food Group, said: “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. Carroll’s will be a great addition to our business."
For Carroll’s, John Comerford said: “The interest in Carroll’s 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. We’re excited to work with Eight Fifty and deliver their ambitious future growth plans”.
Eight Fifty was formed last year when Karro's acquired Young's Seafood. The company is backed by private equity fund CapVest.
CapVest partner Jason Rodrigues said: “Carroll’s is another great European addition to our growing portfolio andcreates the premier integrated platform of value-added pork products in Ireland. We look forward to leveraging theEight Fifty platform to further develop the business going forward”
