PE-backed Eight Fifty Food Group buys M&M Walshe

The Walshe family, which founded the business, will remain involved with the company, according to the Irish Times.

Post-acquisition, Eight Fifty's revenues are expected to increase to approximately £1.4bn, the Irish Times reported.

The Eight Fifty Food Group was formed following CapVest's acquisition of pork processor Karro Food Group in 2017, which then acquired Young's Seafood, a British producer and distributor of frozen sea food, for a consideration of around £175m last year.

The transaction is subject to regulatory approval from the local competition authorities.

Company
Founded in 1981 and headquartered in Tipperary, M&M Walshe is a family-owned meat supply company. The company has 550 employees in the UK and Ireland, and reported a €113.7m turnover and €700,000 in pre-tax profit in the year to 30 April 2019.

People
CapVest – Jason Rodrigues (partner).

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• Topics
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