DCC disposal of Robert Roberts & Kelkin brands
On 30th September our client, DCC plc, announced that it had reached an agreement on the disposal of Robert Roberts (including Findlater Wine & Spirits) and Kelkin to Valeo Foods, a leading Irish foods group, for a total consideration of €60 million.
Robert Roberts is a leading supplier of own brand and agency branded food and beverage products in the indulgence categories, while Kelkin is a leading supplier of branded ambient healthy foods, beverages, fine foods and vitamins, minerals and supplements. Both businesses operate principally in the Irish market. In the year ended 31 March 2014, the businesses generated combine revenue of €120 million and combined operating profit of €7.3 million.
The disposal is conditional on clearance from the Irish Competition Authority.