Tullamore-based ham producer Carrollâs Cuisine has been acquired by Eight Fifty Food Group, a UK company controlled by private equity firm CapVest Partners.
The business was sold by Carlyle Cardinal Ireland (CCI) for an undisclosed sum. CCI had acquired the company in 2015 for â¬37.3 million and is believed to have made a return on its investment.
Carrollâs produces a range of cooked meats and convenience food, and employs 325 people at its site in Co Offaly. Its turnover has increased by 50 per cent over the past five years, driven by investment in manufacturing capacity, innovation and new product development.
The company is to be integrated into Eight Fiftyâs pork division and will expand its presence in the Republic following the acquisition of M&M Walshe in June 2020.