Valeo Foods, one of Ireland's largest consumer food businesses, is predicating sales of €270m for 2012 having already reported a 15% rise in exports on the back of new supply arrangements with customers across Europe, Middle East, Australia, US and Africa.
The company has also announced plans to source €14.5m in Irish ingredients this year, an increase of around €6m since 2009.
The rise includes an extra 20% of peas being purchased for its Batchelors brand.
Valeo was formed two years ago following the merger of Batchelors and Origin Foods, which brought leading brands like Odlums, Batchelors, Squeeze, Erin and Shamrock under one roof.
Origin Enterprises plc, the Irish-based agronomy service company (in which Aryzta owns a 71% stake) retains a 32% stake in Valeo Foods while CapVest Limited, a leading European investment group, retains a majority stake.
Last August, Valeo acquired the Jacob Fruitfield food group, including Jacob biscuits, for an undisclosed sum.
farmersjournal.ie
Source: Argentine Beef Packers S.A.
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