HENDERSON Foodservice, part of the Henderson Group, one of the largest employers in Northern Ireland, has added to its expanding portfolio with the acquisition of multi depot foodservice company Foodco.
Established in 1985, Foodco is an independently owned company with distribution depots in Lisburn and Ashbourne in Co Meath.
Operating a fleet of multi-temperature vehicles, Foodco specialises in the supply of bespoke products to the foodservice industry throughout the island of Ireland.
It will operate as a stand-alone business with the existing management and board and will retain its corporate name and identity.
Cathal Geoghegan, managing director of Henderson Foodservice, said the acquisition is another exciting opportunity to complement the growth and development in the foodservice sector for both companies.
“The acquisition occurs at an exciting time for us, following a record-breaking turnover in 2018. We’re delighted to welcome the staff and management of Foodco, a terrific company with a strong reputation and loyal customer base. .”
The acquisition is in line with Henderson Foodservice’s future strategy and expansion which includes a £25 million investment in new facilities, staff and business development.
Its chief financial officer Ron Whitten said: “Our purchase of Foodco follows the successful acquisition of BD Foods in July and will further strengthen the product portfolio at Henderson Foodservice. It also presents substantial opportunities for us to increase our collective customer base across the island of Ireland.”
Foodco's board of directors Alan Kelly, Gary McIlroy, Barry Monaghan and Robert Walsh, in a statement about the acquisition, said: “This is a great opportunity for the staff and ourselves to continue the expansion of the business by being part of one of the largest foodservice companies in Ireland.
“We have developed our business through excellent customer service, product innovation and strong personal relationships, and being a part of Henderson Group will copper fasten this and provide us with a strong platform to continue our growth throughout Ireland.”
Henderson Foodservice supplies to customers across Ireland including hotels, schools, restaurants, fast food outlets, hospitals, nursing homes, cafes, sandwich bars and retail convenience stores.
