DCC takes control of Allied Foods for €14.5m

SALES and distribution company DCC has snapped up control of frozen foods specialist Allied Foods for €14.5 million.

DCC chief executive Jim Flavin said taking outright control of the group would strengthen the position of DCC's food and beverage division, which accounts for 8% of total sales. Mr Flavin said the chilled and frozen food sectors were growing and Allied had strong management and excellent facilities that would exploit this.

DCC had already owned a 50% stake in Allied's parent company, Millais Investments, since 1998 and first invested in Allied when it was set up in 1989.