Northern Foods, a UK food manufacturer, has reached an agreement to sell Dalepak Frozen foods to the Irish Food Processors Group.
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The deal is expected to be worth GBP6.4m (US$10.2m).
Dalepak, which is based in Northallerton, North Yorkshire, supplies frozen food products including meat and meat-free grills under the Dalepak, Ross and Grassington’s brands.
Some 143 Dalepak Frozen Foods employees are expected to transfer to the Irish Food Processors Group.
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Northern Foods said the division posted a marginal loss on GBP23m sales for the year to 3 April 2010.
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By GlobalDataNorthern Foods recently posted a 24.9% fall in frozen like-for-like sales for its first quarter.
