Management closes buyout of Carroll Cuisine

A private equity-backed management buyout of Carroll Cuisine believed to value the company in the region of €40m, has been completed.

Management closes buyout of Carroll Cuisine

The deal, which the Irish Examiner reported early last month to be imminent, was financed through funding from Carlyle Capital Ireland — a government-backed private equity fund — will see the company’s existing management team assume ownership of the company formerly owned by food group, Aryzta.

The management team of chief executive, Kieran Carolan; chief operational officer, John Comerford and finance director, Fiona Delaney will continue to lead the Offaly-based cooked ham and ready meats producer.

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