top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Roebuck Food announces €1.45m sale of dairy business
FoodBev Media

FoodBev Media

4 June 2024

Roebuck Food announces €1.45m sale of dairy business

Roebuck Food Group has sold its dairy business to an unrelated partnership in the Irish dairy milking industry for €1.45 million. After settling outstanding debts and adjusting accounts, the company will receive approximately €1.3 million. The company's dairy division, which was operated through its subsidiary Cantwellscourt Farm, generated revenue of €1.6 million in 2023, but recorded a loss after tax of €0.5 million. The disposal realises cash proceeds for potential future acquisitions or investments and will be used for the company's general corporate purposes. Roebuck has given the buyer various warranties and indemnities concerning the dairy division's assets and business. The company's directors consider the sale to be 'fair and reasonable,' and believe it is in the best interests of the company and its shareholders as a whole.

bottom of page