US investors claim that food firm Strong Roots will ‘run out of cash’ by next year

Goode Partners, a US private equity firm, invested €15.5 million in Strong Roots in exchange for a 38 per cent stake in the business. It now says the company is missing its targets

13th June, 2021
US investors claim that food firm Strong Roots will ‘run out of cash’ by next year
Sam Dennigan, founder of Strong Roots: Lawyers for American investors say the firm ‘over promised and under delivered’, the High Court heard.

Strong Roots, the Irish plant-based food company, is at risk of “running out of cash” by next year, the High Court has been told.

The food manufacturer, which was founded in 2015 by Sam Dennigan, a Dublin businessman, sources, produces and sells frozen food products such as spinach bites and sweet potato fries.

In August 2019, Goode Partners, a US private equity firm, invested €15.5 million in Strong Roots in exchange for a 38...

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