Cully & Sully ‘reserves’ boosted by €2m after sale to US foods group

The Cork artisan food firm sold by Cully & Sully to a US organic products group increased its accumulated profits by over €2.15 million last year.

New abridged figures for Cully and Sully Ltd show it increased ‘reserves’ by €2.152m, from €522,857 to €2.674m, in the 18 months to the end of June 2013.

The co-founders of Cully & Sully, Colum O’Sullivan and Cullen Allen — a nephew of Ballymaloe’s Darina Allen — shared a multimillion-euro windfall from selling their business to New York-based organic products group Hain Celestial in Apr 2012.