Corrib Food Products has been acquired by BWG Foods UC
The shareholders of Corrib Food Products (CFP) have sold the company to BWG Foods UC.
CFP is a long-established independent distribution business servicing the food service sector throughout Ireland. The company has annual sales of over US$42 million and has a significant presence in the chilled and frozen food sector, along with being one of Ireland’s leading suppliers of poultry products. The business operates from a major distribution center based near Athenry, Co Galway, and other distribution depots in Dublin, and operates an extensive fleet of over 35 refrigerated vehicles. The company employs approximately 90 staff.
Stan Lawless, Managing Director at Corrib Food Products, said: "We’re delighted to be joining BWG Group and to working closely with their experienced team as we continue to further develop and expand our service and offering. BWG is a very successful and ambitious leader in Ireland’s food sector and becoming part of the group is a hugely positive development for our staff, suppliers, customers, and our overall business."
BWG Foods is one of Ireland’s leading food retail and wholesale companies. BWG has a turnover of over US$1.5 billion and through its network of 22 value center and wholesale branches andfood service depots, and a 240,000 sq. ft. national distribution center, the group is one of Ireland's leading wholesalers. It will seek to grow Corrib Food Products’ business and enhance its service to customers nationwide, by leveraging BWG’s considerable wholesale experience, expertise and buying power, along with its market leading supply chain.
Oaklins’ team in Ireland acted as the exclusive M&A advisor to the seller in this transaction.
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