Ballymaloe Foods announces first acquisition

Ballymaloe Foods buys Irish food company MamaBear Foods.

Ork-based MamaBear Foods makes a range of healthy ketchups and pasta sauces. Founder Loretta Kennedy launched a reduced-sugar, gut-friendly ketchup in 2018 before expanding her range to include other sauces.

MamaBear Foods is also available in Irish supermarkets including SuperValu, Dunnes Stores and Aldi.

The move marks Ballymaloe Foods’ first-ever corporate acquisition. Upon completion of the acquisition, MamaBear Foods will continue to operate under the same name while Ms. Kennedy will join the Ballymaloe Foods team.

The value of the deal was not disclosed.

Best known for its relish and condiments, the Ballymaloe Foods brand was founded in 1990 by Mrytle Allen’s daughter, Yasmin Hyde.

The company now produces over 18 products with the original relish being available across the UK and Australia.

“We started this business from my kitchen in Cork, just as Yasmin Hyde did with Ballymaloe Foods,” said Ms Kennedy.

“We are excited to join the Ballymaloe Foods business and grow our brand with the wonderful team there.”

Maxine Hyde, co-director of Ballymaloe Foods, said both Ballymaloe and MamaBear share the same focus.

“As mothers with young families, we are concerned at the lack of Irish-made, healthy snacks and food for young children,” she said.

“We love the concept of Loretta and the existing products and have decided to be part of the next chapter of MamaBear Foods.”

https://www.independent.ie/business/irish/ballymaloe-foods-unveils-first-acquisition-42159975.html Ballymaloe Foods announces first acquisition

Fry Electronics Team

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