Aramark makes an offer for iconic retailer Avoca

Business | Thu 12 Nov | Author – Business & Finance
Avoca Aramark
Donal O’Brien, president, Aramark’s Irish Operations; Simon Pratt, managing director, Avoca

Avoca, one of Ireland’s longest established companies, is to be sold to Aramark.

Aramark the global provider of services in food, facilities management and property, and Avoca, one of Ireland’s most successful retailers, have agreed to sales terms. The deal is subject to the approval of Ireland’s Competition and Consumer Protection Commission.

Avoca is an Irish family-run business that spans one of the world’s oldest surviving manufacturing companies with 11 destinations stores across the island of Ireland including cafes, food halls and retail outlets. With turnover of €59m, Avoca has a reputation for promoting artisan food and craft products. The group also has a successful Avoca@Home catering company.

“In Aramark we have found a global partner which recognises the uniqueness of the Avoca brand and is committed to maintaining the heritage of our company,” said Simon Pratt, managing director of Avoca.

“As a family we are very excited at this latest development for Avoca and believe it is the right decision for us as a business and a family, at the right time and with the right partner. Aramark provides us with the corporate structures, the global reach and the resources to reach our fullest potential and to continue to grow both in Ireland and internationally. Avoca has been in existence for nearly 300 years and with this acquisition we are securing its future and that of our 850 employees.”

“This is an important, strategic investment for Aramark to add innovative new platforms to serve consumers and distinguish our business,” said Donal O’Brien, president of Aramark’s Irish Operations.

“A retailer like Avoca will provide us with consumer insights that will enable us to identify future trends and ensure our clients are ahead of the curve in meeting their customers’ needs. Avoca’s recognised culinary provenance and artisan heritage brings both enhanced capabilities and a strong brand to Aramark,” O’Brien added.

Avoca will be a separate business unit within Aramark’s Irish operations and the Pratt family will remain involved in the company. Simon Pratt, managing director of Avoca will remain in his current position and will join the senior management team for Aramark’s operations in Ireland. Founders, Donald and Hilary Pratt will also remain in the business as will current directors Ivan and Vanessa Pratt.