India, Sept. 1 -- Valeo Foods Group announces that it has reached an agreement for the sale of its Irish ambient food business, Valeo Foods Ireland, to an investor group led by Hilliard Lombard, a former CEO of the Irish business.

The transaction represents a positive next step for Valeo Foods Ireland and reflects the strength of the business that has been built over many years. The new owners recognise the quality and experience of its people, its strong customer relationships and the enduring appeal of its portfolio of leading food brands, and have a clear ambition to support its continued development and growth.

Valeo Foods Ireland has been a valued part of Valeo Foods Group for 16 years, during which time it has established the lea...