Tayto Owner Intersnack Posts 5% Revenue Increase To €99.3m
Tayto Snacks' German parent Intersnack has posted a 5% revenue increase from €94.6 million to €99.3 million.
In a report attached to its latest financial report, the company said, said that its key Tayto brand accounted for more than 40% of Tayto Snacks' revenues, according to the Irish Independent.
Intersnack is a privately owned company and produces more than 600,000 tonnes of snacks including potato chips, nuts, baked products and specialty snacks, with an annual turnover of more than €2.7 billion.
Tayto snacks has reportedly been receiving support from Intersnack, since the German company acquired it in 2015.
On the 22 March this year, Tayto Snacks revealed that it is investing €16 million into making its factory in Ashbourne, Co. Meath, 'more efficient'.
© 2019 Checkout – your source for the latest Irish retail news. Click subscribe to sign up for the Checkout print edition.