Parent Company Of Irish Organic Food Business Bunalun Sold
The parent company of Irish organic food business Bunalun, National Organics, has been sold for an undisclosed sum to Bellingham Capital.
As reported by The Irish Times, the Bray-headquartered company recorded revenues of approximately €22 million for 2020 and employs 43 people.
National Organics co-founder and managing director Kieran Dunne will reportedly remain in his role.
National Organics Co-Founder And Managing Director Statement
Dunne reportedly said, "Having built a strong business in Ireland, we are now looking forward to the further development of the Bunalun customer base on international markets and are excited to work with BellCap in support of that objective."
It is reportedly the first investment for Bellingham Capital, which was founded by former ABP Food Group executive Mark Goodman in 2021. It is reportedly focussing on investing in agribusiness, food industry and renewable projects across Ireland and the UK.
Bellingham Capital Founder Statement
Goodman reportedly said, "BellCap was founded with the ambition to invest in sustainable market leading agricultural, food and renewables businesses across Ireland and the UK. We are very proud that our first investment is to acquire one of Ireland’s leading retail food brands. Our objective now, is to work with the excellent team at National Organics to take the company on a journey of geographical expansion in 2022 and beyond."
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