Tayto, Hunky Dory’s, Perri & King No Longer Irish
The founder of the Meath-based Largo Foods, has agreed to sell his last shares in the company that owns Tayto, Hunky Dory, Perri and King crisps..
Ray Coyle will remain as chairman of Largo Foods until 2017 at least, but it has been confirmed he will sell his 25pc stake in Largo to Germany’s Intersnack, which has the right to buy his shares as part of the deal which gave it majority control of the group nine years ago.
— Rod Geoghegan (@Metropolis) October 25, 2015
However, Mr Coyle, will not be vanishing from the Food Industry, after investing in Natasha’s Living Foods, the healthy snack company founded by raw food fan Natasha Czopor, kombucha brewer SynerChi, and Irish Cone and Wafer, Ireland’s largest manufacturer of ice cream cones.
It is reported that The food businesses will move some of their manufacturing to a factory in Donegal previously closed down by Largo, while Ashbourne’s Tayto Park, goes from strength to strength, attracting 730,000 visitors so far this year.
— J Galvin (@joe905x) October 25, 2015
Coyle is also, financing the building of about 45 affordable homes in Maynooth, but with the sale of Largo Foods to Intersnack, it means sadly, that what was once a truly iconic Irish brand, will be no more