The company currently has deals to supply Tesco, Marks & Spencer and Sainsbury’s in the UK and also ships to over 1,000 stores in Australia. Donegal-based Gallagher’s Bakery says it is looking to shake-up the packaged bread sector with the launch of a new range of sourdough bread products.. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. Declan Gallagher. Declan Gallagher sold the family-owned bakery in 2007 to IAWS Group, now part of international bakery group Aryzta. That operation was acquired by Cuisine de France-maker Aryzta in 2007. Speaking to Fora, a spokesman for Mayfair Equity Partners confirmed that the deal had been sealed, although he would not confirm the value of the transaction. Gallaghers Bakery proves it is no flash in pan with export deal Last year, it announced plans to hire up to 70 new staff after it sealed a multimillion-euro contract to supply another 10,000 outlets across the US and Canada, where it uses Promise Gluten Free for its branding. The deal was one of the biggest private equity purchases of an Irish company that year. Registered office: 1 London Bridge Street, SE1 9GF. Read next: Quarantine Won’t Keep Out Covid Variants. The most recently filed accounts for Aran Ard Teoranta, the bakery’s main operating company in Ireland, showed that the firm made a loss over €279,000 during the year that ended April 2016. Declan has 1 job listed on their profile. At the time, founder Declan Gallagher said it would provide Promise with the ability to increase capacity in new and existing markets. Registered office: 1 London Bridge Street, SE1 9GF. Registered in England No. By continuing to browse, you agree to the use of cookies. Long hours. The former owner said that he intends to grow the business and increase employment in the region. Sunday August 06 2017, 12.01am, The Sunday Times. There are 70+ professionals named "Declan Gallagher", who use LinkedIn to exchange information, ideas, and opportunities. Businessman launches Irish Infant formula in China - Donegal News At Gallaghers Bakehouse we use only the finest ingredients in our products and take pride in baking delicious breads that are second to none. In 2015, it also acquired a controlling interest in UK and Ireland food chain Yo! A DONEGAL-BASED GLUTEN-FREE bread producer has sold a majority stake to UK investment firm Mayfair Equity Partners in a deal that reportedly valued the Irish company at €100 million. DECLAN Gallagher, managing director of Gallagher’s Bakery in Ardara, Co Donegal, has bought back the business four years after selling it to the IAWS conglomerate. Mayfair acquired Gallagher’s Bakery in a deal that valued the company at €100m. Anyway, Declan Gallagher couldnt give a **** e. He got millions for the business and even got a mega bonus last year sure the talk of the trade was that he was counting down the days till he could get the hell outa the bakery biz. A bakery tonight blamed rising costs and a drop in sales for the loss of at least 124 jobs. Declan has 1 job listed on their profile. Everything is beautiful support local We have noticed that there is an issue with your subscription billing details. This is the second deal Mayfair Equity Partners has completed in Ireland in recent weeks. The company says its Bakehouse sourdough range features a unique, lighter sourdough flavour. View the profiles of professionals named "Declan Gallagher" on LinkedIn. However, Gallagher bought his father’s business back in 2011 after its acquirer attempted to relocate the firm to Dublin – which would have cost the area hundreds of jobs. 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