AllinAll, set up by ICC Venture Capital executive Daniel Hickey, said the Boland’s site will allow to expand the range of services it can offer customers. He said the purchase of the site, from IAWS, will cost “several millions”.
“We are going to take this blending plant, which is heavily into flour, and turn it into a general food ingredients blending and milling operation,” Mr Hickey said yesterday.
He added that the plant, opened in 2001, is a state-of-the-art blending plant and when the facility is put together with its existing operation gives AllinAll an ability to supply the entire market for food blends ranging from small once-off blends of less than a pallet up to truck loads of high volume blends.
“This step for AllinAll is part of a development plan the company has been implementing over the past few years. Key elements of this plan have been substantial investment in R&D; raising quality standards to the highest in our industry, both ISO 9001 2000 and BRC Higher level have been secured; and putting in place the facilities to produce our products. This deal puts the required facilities in place.”
Mr Hickey said AllinAll employs 22 people, half of whom hold third-level qualifications. He said it was likely that the workforce would be expanded over time.
He said that the company is now the largest supplier of cures and brings to the processed meat sector and exports account for a third of its sales.