Menu
13/06/2012
NI Food Firm Sold To US Interest
A County Down food firm is being bought over by a US company for an undisclosed sum.
Crossgar Foodservice, which sells poultry, meat, chilled, frozen and grocery items throughout Ireland and the UK, was bought by a subsidiary of the American company Sysco.
The firm made the acquisition through its County Limerick subsidiary Pallas Foods, in a bid to expand its presence on the island of Ireland.
It is a food product marketer and distributor and supplies restaurants, schools and other clients worldwide. Last year it reported record sales of more than $39bn.
Sysco group president Mike Green said Crossgar Foodservice was a "strong company with excellent customer relationships".
He said: "This investment, along with the acquisition of Pallas Foods in 2009 represents our commitment to the Ireland market and provides us additional strategic opportunities."
It will keep its own brand identity and its existing managerial team.
238 people work across Crossgar Foodservice's four facilities.
Tim Geary of Pallas Foods said he hoped to help in "positioning the investment for further growth".
Gerald Bell of Crossgar Foodservice said the transaction would allow his company to provide more products across a wider geographical area.
He said: "We are very pleased to join the Sysco family and we look forward to providing the same great service to our customers and showing them an even broader line of quality-assured foodservice products."
(NE)
Crossgar Foodservice, which sells poultry, meat, chilled, frozen and grocery items throughout Ireland and the UK, was bought by a subsidiary of the American company Sysco.
The firm made the acquisition through its County Limerick subsidiary Pallas Foods, in a bid to expand its presence on the island of Ireland.
It is a food product marketer and distributor and supplies restaurants, schools and other clients worldwide. Last year it reported record sales of more than $39bn.
Sysco group president Mike Green said Crossgar Foodservice was a "strong company with excellent customer relationships".
He said: "This investment, along with the acquisition of Pallas Foods in 2009 represents our commitment to the Ireland market and provides us additional strategic opportunities."
It will keep its own brand identity and its existing managerial team.
238 people work across Crossgar Foodservice's four facilities.
Tim Geary of Pallas Foods said he hoped to help in "positioning the investment for further growth".
Gerald Bell of Crossgar Foodservice said the transaction would allow his company to provide more products across a wider geographical area.
He said: "We are very pleased to join the Sysco family and we look forward to providing the same great service to our customers and showing them an even broader line of quality-assured foodservice products."
(NE)
Related Northern Ireland News Stories
Click here for the latest headlines.
15 November 2024
New Food Strategy Aims To Make NI A World Leader In Sustainable Food
Northern Ireland's first Food Strategy Framework was launched today by DAERA Minister Andrew Muir. The strategy, titled "Food at the heart of our society - A prospectus for change," aims to position Northern Ireland as a world leader in sustainable, healthy, and nutritious food.
New Food Strategy Aims To Make NI A World Leader In Sustainable Food
Northern Ireland's first Food Strategy Framework was launched today by DAERA Minister Andrew Muir. The strategy, titled "Food at the heart of our society - A prospectus for change," aims to position Northern Ireland as a world leader in sustainable, healthy, and nutritious food.
03 September 2013
60 Jobs Cut At Co Down Food Firm
60 jobs are to be lost at a County Down food supplier. Crossgar Foodservice has said it is consolidating aspects of its business with that of its parent, Pallas Foods. The firm will now trade as Crossgar Pallas.
60 Jobs Cut At Co Down Food Firm
60 jobs are to be lost at a County Down food supplier. Crossgar Foodservice has said it is consolidating aspects of its business with that of its parent, Pallas Foods. The firm will now trade as Crossgar Pallas.
16 April 2004
Crossgar Poultry set for rebranding
Crossgar Poultry Group are set for a rebrand when they unveil their new name and logo at the forthcoming IFEX 2004 at the Kings Hall in Belfast. With over 4,000 customers and 3,000 products, Crossgar Poultry Group are changing to Crossgar Foodservice to meet growing customer demands.
Crossgar Poultry set for rebranding
Crossgar Poultry Group are set for a rebrand when they unveil their new name and logo at the forthcoming IFEX 2004 at the Kings Hall in Belfast. With over 4,000 customers and 3,000 products, Crossgar Poultry Group are changing to Crossgar Foodservice to meet growing customer demands.
25 November 2024
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
Other News In Brief
DfC Launch Public Consultation On Gender Pay Gap A consultation on proposed changes to Section 19 of the Employment Act (Northern Ireland) relating to the requirements for employers to publish information on the pay of male and female employees has been launched by the Department for Communities.
14 June 2004
Council issues food poisoning warning
With the barbecue season upon us, Belfast City Council has issued a timely reminder about the dangers of food poisoning.
Council issues food poisoning warning
With the barbecue season upon us, Belfast City Council has issued a timely reminder about the dangers of food poisoning.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
