Group records growth across global businesses

Carbery Group has had solid growth across its global food ingredients, flavours, and dairy businesses, with pre-tax profits for 2013 up 23% to €13m and turnover up 11.9% to €318.3m.

Group-wide capital expenditure totalled €12.7m last year. Carbery, which is also investing €6m in cheese-making facilities in Ballineen, West Cork, is finalising preparations to manage a 40% increase in milk supplies in 2015 and beyond.

Along with mature markets such as the US and the EU, the group is building its presence in emerging markets. “We anticipate a lot of growth in the Middle East and north Africa, as well as in Asia,” said chief executive Dan MacSweeney.