Ireland-based food wholesaler M&P O’Sullivan has acquired compatriot catering equipment dealer Brennan’s Caterworld’s assets and trading names from liquidation.
The distributor’s operating company, Laraglen, called in liquidator Gerard Murphy on 5 June.
The undisclosed deal, which merges the trade of two of Cork’s oldest companies, will see the catering supplies business added to M&P’s wholesale portfolio, which also includes Homestead, White Hat and Red Abbey, bringing the product range to over 15,000 lines.
M&P plans to expand the retail space of its Sarsfield Road warehouse in Cork by approximately 3,000ft2 to accommodate the Brennan’s Caterworld product range.
The wholesaler’s director Eoin O’Sullivan commented: “Brennan’s Caterworld is an excellent strategic fit for M&P and will strengthen our existing wholesale business. We previously distributed a small line of their catering supply products, which proved to be very popular with our customers, so we are delighted to now be in a position to extend our offering to the full range through the acquisition.
“We are cautiously optimistic about the hospitality industry and are focused in particular on the quick serve and takeaway restaurant business, which is experiencing significant growth since the start of the Covid-19 pandemic.”
Brennan’s Caterworld is Ireland’s longest running catering equipment and supplies business, founded in 1872, with an annual turnover of €3m.
M&P O’Sullivan is a fourth generation family business, founded in 1905. The company is operated by cousins Eoin O’Sullivan, sales director, and Patrick O’Sullivan, purchasing director. M&P currently employs 60 people and in recent years has invested in new temperature-controlled warehousing and a fleet of temperature-controlled delivery vehicles.