Food entrepreneur Tom Gannon, who co-founded protein bars Fulfill and Cali Cali alongside Niall McGrath, can see growth.
itness ready meal manufacturer NutriQuick, a company of which Gannon is Managing Director, is investing over €500,000 in its Co. Wicklow facility.
The company, of which Dean Siney is CEO, recently struck a €9m deal with Aldi to supply its Irish stores.
NutriQuick invests €500,000 to modernize its refrigeration, cooking and packaging lines. The upgrade has started and will be completed in 2022. It envisages a capacity increase of 200 percent, which will enable annual sales of over 10 million euros.
Nutriquick will invest in several sustainable solutions. These include an expanded storage area that allows for fewer shipments of raw materials, sustainable packaging for better recycling, compactors to improve waste management, alternative raw material solutions with less packaging waste, and new energy-efficient appliances
Commenting on the €9m deal with Aldi, Siney said: “Working with Aldi has been critical to our success as a company and we are delighted to sign this new €9m deal. It has always been our mission to make our high quality, tasty and nutritionally balanced ready meals accessible to as many shoppers as possible. Our strong, ongoing partnership with Aldi has enabled us to achieve this together nationwide.”
NutriQuick began working with Aldi Ireland in early 2019 with its range of healthy fitness meals, including chili con carne.
Conga could be hired to make line for Ireland
US-based technology company Conga, which develops revenue lifecycle management software, could enter the Irish market after registering a new company here.
Conga incorporated an Irish company last month, according to Companies Registration Office files. One of the documents submitted as part of the process shows that it intends to conduct its operations at WeWork’s shared offices at Dublin Landings on North Wall Quay.
The Irish subsidiary was founded by Conga CEO Michael Noel Goggin. According to his LinkedIn profile, Goggin, who was named CEO in 2020, previously studied at DCU.
Pharmacies prove that they have the right medication
While the Covid period may have been difficult for many businesses, pharmacy store sales appeared to have remained quite healthy.
Fitzgerald Power’s Pharmacy Pulse report estimates that 11 transactions were completed in the fourth quarter of 2021. It is estimated that 39 transactions were completed in the Irish market in 2021.
The report also said there was a sharp drop in closures over the period from March 16 to April 20
in 2020 to six in 2021.
https://www.independent.ie/business/irish/nutriquick-acquires-a-500k-taste-for-growth-41413682.html NutriQuick gets a growth flavor of €500,000