Opportunities despite food sector pressures

WITH a lot of focus on the cost of food at present it would be easy to forget that plenty of opportunities for growth are still presenting themselves to the Irish food sector.

A case in point was the recent move by Greencore to expand in the US.

The group has entered the US chilled food market with the acquisition of HMBF (Home Made Brand Foods) at a modest cost of $44 million (€28m) with a further potential charge of $10m due later, the company said.