Pallas Foods makes acquisition of Crossgar on behalf of US owners

Pallas Foods in Limerick has acquired Crossgar Foodservice, which recently won contracts with the Prison Service, the Defence Forces, and the Health Service Executive.

A family business launched in Co Down in 1959 by Gerald and Mary Bell, Crossgar’s products include poultry, meat, chilled and frozen foods, grocery and non-food items widely available in Ireland and Britain.

Pallas made this strategic acquisition on behalf of its US owners Sysco, who have seen the Limerick company grow by around 12% since its €175m acquisition in 2009. No fee has been disclosed for the Crossgar takeover.