Connacht Gold buys into Kent Foods

CONNACHT Gold Co-op announced yesterday that its board has approved the acquisition of a significant minority shareholding in the British food ingredients company Kent Foods Ltd.

Kent Foods operates from a Glasgow base and was founded in 1992. It has grown in sales and profits steadily every year and now has an annual turnover of €95 million and profits of €2.8m. It has three core areas of operation, dairy and sugar products plus fats and oils.

Connacht Gold chief executive Aaron Forde said the co-op is delighted to be involved in the future direction and progress of the business. This move brings key distribution and marketing benefits to Connacht Gold.