Karro owners announce acquisition of Irish cooked meats producer

The Eight Fifty Food Group, which owns pork processor Karro, has announced the acquisition of Irish food business Carroll’s Cuisine from Carlyle Cardinal Ireland (CCI) for an undisclosed fee.

Carroll’s is a leading producer of cooked meats and convenience food in the Republic of Ireland, employing approximately 300 people at its site in Tullamore, Offaly. It will be integrated into Eight Fifty’s pork division, further expanding its presence in the Republic of Ireland following the acquisition of M&M Walshe in June 2020.

Carroll’s sliced cooked meat offering will complement M&M Walshe’s gammon, bacon and sous-vide meat products.

Upon completion of the transaction, which is subject to standard closing conditions and approval from the Irish Competition and Consumer Protection Commission, 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: “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”.

 

 

BY ALISTAIR DRIVER

Soaring pork exports buck downward trend for UK food and drink

Pork has bucked an otherwise declining trend within the UK food and drink sector to significantly increase export volumes so far this year. 

In terms of export value, pork now lies fifth on the list of UK food and drink products, behind only whisky, chocolate salmon and cheese, according to fresh analysis from the Food and Drink Federation.

Overall, it is a gloomy picture, showing that in third quarter of 2020, UK food and drink exports fell by 11.6% to £5.5bn, compared with the same period in 2019, as both exports to EU and non-EU markets declined. This decrease was largely driven by the impacts of COVID-19, including the closure of hospitality and travel sectors, which has meant a loss of sales into restaurants, cafés, bars and the out-of-home sector across Europe.

In the first nine months to September 2020, food and drink exports fell to £15.2bn (-12.9%) year-on-year. Exports to the majority of the top 20 markets decreased, with sales to Spain falling significantly by -33.8%.

 

by Alistair Driver