Irish investment group Donworth Capital has entered into agreements to acquire Galmere Fresh Foods and Taravale Foods.
Established in 1980, Galmere Fresh Foods is based in Ballybrit Galway. It produces freshly prepared salads and soups.
Based in Naas, Kildare county, Taravale Foods produces fresh salads, sandwich fillers and pesto.
Both the manufacturers cater to retailers and food service providers.
As per the terms, the previous shareholders will remain with the businesses. The deal will secure more than 80 jobs with an investment of €3m over a three-year period.
Donworth Capital managing partner John Casey said, "Both Galmere Fresh Foods and Taravale have been through extremely challenging times in recent months and this investment brings expertise and a well financed balance sheet to support their future development.
"These two companies have great potential to grow market share in Ireland and overseas."
