In 2015 CCI acquired Carroll Cuisine, doubling employee numbers from 150 to 325 today.
Irish private equity firm Carlyle Cardinal Ireland (CCI), which operates Carroll Cuisine has agreed the sale of the company to Eight Fifty Food Group, a UK-based private equity firm.
The acquisition, terms of which are not being disclosed, is expected to be completed during the first quarter of 2021.
In 2015 CCI acquired Carroll Cuisine, completing a carve-out of the company from Aryzta AG, doubling employee numbers from 150 to 325 today. The Carroll Cuisine management team is led by CEO Kieran Carolan.
During CCI’s ownership, the company experienced strong growth, with turnover increasing by 50%, driven by investment in manufacturing capacity, innovation and new product development.