Irish biscuit firm could merge with Valeo Foods
Irish biscuit maker Jacob Fruitfield is in talks with Valeo Foods, the Irish food manufacturer, about a merger that would create an Irish foods business with turnover of €300 million.
Talks between the two companies have been going on for several months and are now understood to be close to completion, reported The Sunday Business Post.
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The deal is expected to be structured as a takeover of Jacob Fruitfield by Valeo, with Jacob Fruitfield’s shareholders taking some payment but also remaining as shareholders in the enlarged company.