Carroll Cuisine

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Carroll Cuisine - overview

Established

1979

Location

Tullamore, Co. Offaly, Ireland

Primary Industry

Food

About

Carroll Cuisine is an Irish company focused on creating high-quality chilled and frozen prepared meals, catering to both retail and foodservice sectors with a commitment to convenience and nutrition. Founded in 1979 and headquartered in Tullamore, Ireland, Carroll Cuisine specializes in prepared meal solutions. The company has undergone strategic management changes since it was acquired by Carlyle Cardinal Ireland Fund in April 2015, with financial terms undisclosed. The current CEO is Kieran Carolan.


Carroll Cuisine specializes in providing high-quality chilled and frozen prepared meals, operating primarily within the convenience food sector. The company's core product offerings include ready-to-eat meals, soups, and meal accompaniments, designed to cater to both retail and foodservice clients. These products address the growing consumer demand for convenient, nutritious meal options that can be prepared with minimal effort. Servicing a diverse client base, the company targets supermarkets, restaurants, and catering services across various international markets, including the United Kingdom, Europe, and select areas in North America.


By focusing on convenience without compromising quality, Carroll Cuisine aims to enhance the dining experience for consumers, offering a range of meals suitable for various dietary preferences. Carroll Cuisine generates revenue through a multifaceted business model that includes both B2B and direct-to-consumer transactions. The company engages in partnerships with retail chains and food distributors, supplying its range of meals to supermarkets and restaurants on a wholesale basis. Additionally, direct sales to consumers may occur through curated meal boxes or online shopping platforms, providing another revenue avenue.


Pricing structures are set for various product lines, ensuring competitive rates while reflecting the quality and convenience offered. Key offerings may include their flagship prepared meals, which emphasize taste and nutrition, aligning with consumer trends towards healthier eating. Through these strategic sales channels, Carroll Cuisine capitalizes on the increasing demand for ready-to-eat food solutions. Carroll Cuisine aims to expand its product line with new meal options while targeting growth in international markets.


The company is specifically looking to launch new products in the next fiscal year. The funding received from the Carlyle Cardinal Ireland Fund acquisition will support these initiatives, focusing on enhancing production capabilities and expanding distribution networks in the United Kingdom and Europe.


Current Investors

Carlyle Group, Cardinal Capital Group

Primary Industry

Food

Sub Industries

Meat, Poultry & Seafood Products

Website

www.carrollcuisine.ie

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Carroll Cuisine - timeline of key events

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Carroll Cuisine - financials

Fiscal Year EndedApr 03, 2021Mar 26, 2022Mar 25, 2023Mar 30, 2024
Revenue (USD)82,696,953---
% Revenue Growth (YoY)----
EBITDA (USD)11,516,924---
Operating Income (USD)9,437,461---
Operating Margin11.4%---
% EBITDA Margin13.9%---
NET Income (USD)8,190,373---
% Net Margin9.9%---

Carroll Cuisine - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedCarroll Cuisine-

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Carroll Cuisine - employee data

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