2 Sisters Food Group has announced it has completed the sale of its frozen food Green Isle Brands and Donegal Catch to a consortium of investors headed by Maurice Hickey, the former chief executive of Tayto Snacks.
The consortium also includes the Ireland Strategic Investment Fund (ISIF) – which is the country’s sovereign wealth fund.
Green Isle Brands operates from Gurteen (Donegal Catch) and Naas (Green Isle head office) and has 106 people.
“We are pleased to announce the completion of the sale of the Green Isle Brands & Donegal Catch business to a good new home. Maurice Hickey is a highly experienced food CEO and we wish him and the team future success. There have been a number of potential buyers for these companies, but as we always make clear, any sale has to be at the right time, with the right buyer, and it had to be a deal that fitted with our long-term strategy,” commented Ranjit Singh, President of Boperan Holdings Limited.
According to officials, the transaction ticks all these companies, but as we always make clear, any sale has to be at the right time, with the right buyer, and it had to be a deal that fitted with our long-term strategy.