Carbery Group’s flagship cheese brand Dubliner continues to grow in export markets, particularly in the US, according to its 2011 results statement, out today.
Based in Co Cork, Carbery has been making cheeses for nearly 40 years. The temperate environment of this area ensures a long grass-growing season to produce high-quality milk.
Carbery invests heavily in product development and manufacturing technology. It now produces over 20 market-leading cheeses for retail, food manufacturers/industrial applications, and the food service sector. In addition to Dubliner, it supplies a variety of own-label cheeses.
Revenues for the overall group went up by 14.5pc to €256.5m, and profit before tax (PBT) increased by 27.8pc to €8.7m.
Ingredients performing strongly
Carbery’s 2011 performance reflects a solid underlying performance from the ingredients division, which includes its flavor business Synergy.
Synergy made two acquisitions in the US in the fourth quarter of 2011, acquiring Sensus in Ohio and Sethness Greenleaf in Chicago, adding scale to the business and bringing new technologies, products, and differentiators to Carbery Group.
Carbery’s focus on nutrition in its dairy ingredients business is reaping the rewards in the market place, and it has a strong pipeline of new and innovative infant, sports, and clinical nutrition products, with the Kinetica sports nutrition range, in particular continuing to grow strongly, the results statement said.