Green Isle Foods | Ulster Bank

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ISIF backed acquisition of Green Isle Foods and Donegal Catch
Green Isle Foods

The Ireland Strategic Investment Fund (ISIF) is backing the acquisition of the Green Isle and Donegal Catch food manufacturing and export businesses by a group led by the former Chief Executive of Largo Foods (Tayto), Maurice Hickey. The transaction was supported with bank debt provided by Ulster Bank.

The acquisition will support over 100 jobs at the manufacturing plant in Gurteen, Co Sligo and offices in Naas, Co Kildare. The combined businesses will operate under the Green Isle Foods banner and will seek to grow and develop the Green Isle and Donegal Catch brands.

ISIF is the single biggest investor while other investors include Mr Hickey, Ray Coyle, a highly regarded Irish entrepreneur and former founder of Largo Foods, and a number of other private investors.  

The acquisition will facilitate Green Isle’s plans to grow its revenues and diversify its business base, targeting both the domestic and export markets, while building on existing strong market positions held by both Green Isle and Donegal Catch in Ireland.

The investor group also strongly believes there is a significant opportunity to grow this leading indigenous, Irish food manufacturing business into the future, in both the frozen food and other growth segments of the food market.

ISIF’s backing for the acquisition reflects its commitment to investing in regional development and supporting indigenous Irish businesses.

Find out how we can help your business today
Get in touch

Find out how we can help your business today:

https://digital.ulsterbank.ie/business/sector-expertise/corporate-banking.html

For further information, please contact:

Ulster Bank – glenn.shanley@ulsterbank.com

 

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