DCC Food & Beverage acquires 100% of Allied Foods

DCC plc's Food & Beverage division has reached agreement, subject to the clearance of the Competition Authority in Ireland, to acquire 100% of its associate company Allied Foods Limited.

DCC first invested in Allied Foods in 1989 and has owned 50% of the voting share capital and 51.5% of the total share capital of Allied Foods' holding company, Millais Investments Limited, since 1998.