Devenish, the Northern Ireland-based animal nutrition and ag-tech company, has announced plans to raise finance from outside investors to fund further growth in international markets and capitalise on sustainability trends in the global food sector. The Irish Farmers Journal understands the company is seeking to raise in the region of £50m (€58m) from investors.
Devenish said it had appointed Goodbody as its financial advisors to explore a number of options with potential financial investors and industry partners.
Headquartered in Belfast, Devenish has sites across Ireland, the UK, the US, Turkey and Uganda. The company employs over 750 people and has sales in more than 40 international markets.
ADVERTISEMENT
“The past number of years have seen rapid growth for Devenish internationally. In the US, we will have grown from two manufacturing sites when we first started there to six by the end of this year,” said Devenish chief executive Richard Kennedy.
“We have ambitious plans to further build on our global footprint, and we intend to secure further investment as part of that strategy,” he added.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Devenish, the Northern Ireland-based animal nutrition and ag-tech company, has announced plans to raise finance from outside investors to fund further growth in international markets and capitalise on sustainability trends in the global food sector. The Irish Farmers Journal understands the company is seeking to raise in the region of £50m (€58m) from investors.
Devenish said it had appointed Goodbody as its financial advisors to explore a number of options with potential financial investors and industry partners.
Headquartered in Belfast, Devenish has sites across Ireland, the UK, the US, Turkey and Uganda. The company employs over 750 people and has sales in more than 40 international markets.
“The past number of years have seen rapid growth for Devenish internationally. In the US, we will have grown from two manufacturing sites when we first started there to six by the end of this year,” said Devenish chief executive Richard Kennedy.
“We have ambitious plans to further build on our global footprint, and we intend to secure further investment as part of that strategy,” he added.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS