Bunalun proprietor Nationwide Organics was offered to Bellingham Capital for an undisclosed quantity.
The corporate, headquartered in Bray, achieved gross sales of round 22 million euros in 2020 and employs 43 individuals. Its natural meals merchandise are saved throughout Eire and the corporate has expanded to different markets such because the UK, United Arab Emirates and Australia.
Nationwide Organics Co-Founder and Common Supervisor Kieran Dunne will stay in his position.
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“Having constructed a robust enterprise in Eire, we now look ahead to additional creating the Bunalun buyer base in worldwide markets and look ahead to working with BellCap to assist this objective,” stated Mr Dunne.
First funding
It’s the first funding for the fund, which was launched in 2021 by former ABP Meals Group’s CEO, Mark Goodman. He’s targeted on investing within the agribusiness, meals business and renewable initiatives in Eire and the UK.
“BellCap was based with the goal of investing in sustainable, market-leading agri, meals and renewable power corporations in Eire and the UK,” stated Goodman. “We’re very proud that our first funding would be the acquisition of one in all Eire’s main retail grocery manufacturers. Our objective now’s to work with the superb group at Nationwide Organics to take the corporate on a journey of geographic enlargement in 2022 and past. “
