DUBLIN — Roebuck Food Group plc, an AIM-listed food and agribusiness investment group headquartered in Dublin, has completed the acquisition of Moorhead & McGavin, a food ingredient distribution business located in Motherwell, North Lanarkshire.
A limited company since 1923, Moorhead & McGavin specializes in supplying pulses, cereals, pasta, rice and flour to the food industry.
The company has a notable customer base that includes major players such as Aldi, Brakes, Kerry, Princes, Baxters, the NHS, Stirling Group and Booker.
Moorhead & McGavin Managing Director Marko Dafereras said:
"The acquisition will enhance and support Moorhead & McGavin's substantial growth plans and help strengthen our position as a best-in-class, under-one-roof food and ingredients provider for foodservice, retailers, and manufacturers. Moorhead & McGavin and Roebuck are deeply client-centric, and together, we will deliver maximum value and an improved product range for our customers."
As part of the deal, Nadia Brady will join the business as commercial director, leveraging her 20+ years in senior commercial roles within U.K. food businesses.
Roebuck CEO Kieran Mahon commented:
"Having successfully sold our Norish cold storage assets in 2021, we actively seek investments that will help us diversify and broaden our portfolio in the food and agri space. We are excited about Moorhead's growth potential and the quality and integrity of the team behind it. It represents everything we are looking for in a partner acquisition."
Roebuck sold its Norish cold storage assets for £55.2m in 2021. Since then, the group has been actively seeking acquisitions and strategic partnerships that will help it strengthen its market presence and capitalize on emerging innovations and opportunities in the food and agriculture sectors.