Donworth Capital has just bought Taravale Food in Kildare and Galmere Fresh Foods in Galway.
The investment will secure 80 jobs between the two companies .Galmere Fresh Foods, based in Ballybrit, was founded in 1980 by chef JJ Coppinger. The company produces freshly prepared salads and soups.
Taravale was founded by Sean Fay in 1995 and produces fresh salads, sandwich fillers and pesto.
"Both Galmere Fresh Foods and Taravale have been through extremely challenging times in recent months and this investment brings expertise and a well financed balance sheet to support their future development. These two companies have great potential to grow market share in Ireland and overseas," commented John Casey from Donworth Capital.