Bellingham Capital acquires Bunalun
Kieran Dunne, National Organic’s co-founder, will continue in his role as managing director
12 October 2021 | 0
Bellingham Capital has acquired National Organic 160 Products Limited (National Organics), owner of the award-winning Bunalun brand, for an undisclosed price.
Headquartered in Bray, Co. Wicklow, Bunalun is Ireland’s largest and best-known organic food brand. Overall, National Organics achieved revenues of circa €22 million in 2020.
Part of the Bellingham Group, BellCap is an investment fund founded by Mark Goodman in 2021. Its focus is to invest in the areas of agri-business, food industry and renewable projects across Ireland and the UK.
The deal will see Kieran Dunne, National Organic’s co-founder, continue in his role as managing director.
Founded in 1999, Bunalun employs 43 people Its products are stocked across Ireland and the company has further expanded into other markets including the UK, UAE and Australia, successfully capitalising on the growing demand for organic food in recent years.
Mark Goodman, said of the acquisition: “BellCap was founded with the ambition to invest in sustainable market leading agricultural, food and renewables businesses across Ireland and the UK. We are very proud that our first investment is to acquire one of Ireland’s leading retail food brands. Our objective now, is to work with the excellent team at National Organics to take the company on a journey of geographical expansion in 2022 and beyond.”
Kieran Dunne, co-founder and managing director of National Organics 160 Products Limited, said he was excited about developing Bunalun’s customer base further.
“Since 1999 it has been my absolute privilege to lead my colleagues whom are the driving force behind the growth of the company,” Dunne said. “Having built a strong business in Ireland, we are now looking forward to the further development of the Bunalun customer base on international markets and are excited to work with BellCap in support of that objective.”