Musgrave has announced that it has agreed to acquire La Rousse Foods from Aryzta for an undisclosed sum, subject to approval by the Competition and Consumer Protection Commission.

La Rousse Foods is one of the leading operators in Ireland’s foodservice sector, specialising in the supply of fine foods to premium food establishments for over 25 years.

The company serves more than 1,500 customers from offices in Dublin and Belfast.

Musgrave intends for La Rousse Foods to continue operating as a standalone brand after the acquisition.

Commenting on the deal, Chris Martin, Musgrave CEO, said: “La Rousse Foods is an excellent strategic fit for our business and complements our market-leading foodservice offer. We look forward to working with the La Rousse Foods team and customers who will benefit from the support of Musgrave in terms of supply chain infrastructure and access to an increased product range. The acquisition forms part of our Growing Good Business strategy, which focuses on growing our brands in the food market across the island of Ireland.”