The parent company of Irish organic food company Bunalun, National Organics, has been sold for an undisclosed amount to Bellingham Capital.

As reported by Irish weather, the company headquartered in Bray achieved a turnover of around 22 million euros for 2020 and employs 43 people.

National Organics co-founder and CEO Kieran Dunne is reportedly staying on.

Statement from the Co-Founder and CEO of National Organics

Dunne reportedly said: “Having built a strong business in Ireland, we now look forward to developing Bunalun’s customer base in international markets and are delighted to be working with BellCap in support of this goal.”

First investment

This would be the first investment by Bellingham Capital, which was founded by former ABP Food Group leader Mark Goodman in 2021. It would focus on investing in agribusiness, food industry and retail. renewable projects in Ireland and the UK.

Statement from the founder of Bellingham Capital

Goodman reportedly said: “BellCap was founded with the ambition to invest in sustainable market-leading agriculture, food and renewable companies in Ireland and the UK. We are very proud that our first investment is to acquire one of Ireland’s leading retail food brands. Our goal now is to work with the excellent team at National Organics to take the company on a journey of geographic expansion into 2022 and beyond. “

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click on subscribe to subscribe to the Hospitality Ireland printed edition.

Source link