Eight Fifty Food Group acquires M&M Walshe Holdings Limited4th May 2020
Eight Fifty Food Group (“Eight Fifty”), the leading multi-protein food group controlled by CapVest Partners LLP (“CapVest”), has today announced the acquisition of M&M Walshe Holdings Limited (“M&M Walshe”), for an undisclosed consideration.
M&M Walshe, trading as RibWorld, Callan Bacon and Stirchley Bacon, is a processor and multi-channel supplier of gammon, bacon and sous-vide meat products. The business employs approximately 550 people across its three sites located in Tipperary and Kilkenny in the Republic of Ireland and Redditch in the United Kingdom.
The business will be integrated into Eight Fifty’s pork division, with M&M Walshe’s sous-vide products complementing Eight Fifty’s existing customer offering. Post-transaction, Eight Fifty will have sales of circa £1.4 billion and employ more than 7,500 people across 19 sites in the UK and Ireland. The Walshe family, who have operated M&M Walshe since its foundation in 1981, will remain involved with the business post-transaction.
Di Walker, CEO of Eight Fifty Food Group, commented: “Eight Fifty have been working with the Walshe and Clohessy families for over 30 years and have seen their business grow significantly to become one of Europe’s largest sous-vide specialists today.
We’re delighted to welcome M&M Walshe into the Eight Fifty Food Group and look forward to continue growing with them”.
Commenting on behalf of M&M Walshe, John Walshe said: “The interest shown in our business is a great reflection of the quality of our products, our people and our loyal customer base. We look forward to working with Di Walker and the Eight Fifty team and seeing the business flourish under new ownership.”
The transaction is subject to standard closing conditions and approval from the Irish Competition and Consumer Protection Commission (the “CCPC”).