Jacob Fruitfield to buy Cork firm for €700k

Jacob Fruitfield, the Irish food firm headed by Michael Carey, has agreed to buy Cisti Gugan Barra, a Cork confectionery company that went into examinership two months ago.

Ian Kehoe - avatar

Ian Kehoe

28th June, 2008

Jacob Fruitfield, the Irish food firm headed by Michael Carey, has agreed to buy Cisti Gugan Barra, a Cork confectionery company that went into examinership two months ago.

Cisti Gugan Barra makes the Katies range of cakes, cookies, plum puddings and brown bread mix, but sought protection from its creditors after running into cashflow difficulties. Kieran Wallace, the KPMG accountant who was appointed examiner to the firm, has negotiated a deal with Jacob Fruitfield to...

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