Envit Capital acquires Irish Pork Rib Company
The Envit Capital Group, a financial holding company
for financial entities, has completed the acquisition of a 5% ownership in Rib
World. Rib World is a state-of-the-art pre package pork processing operation,
based in Clonmel, County Tipperary, Ireland. The company concentrates on
producing pre package pork ribs.
Rib World has just come off one of its best months ever in October 2008,
selling over 750,000 Euro in rib sales. Rib World calls on many years of
experience of operational meat production. The plant is designed to produce a
high-quality, unique pork products for the European markets. Rib World was
founded in 2003 by Bo Nielsen and partners.
Chairman and CEO Edward M.
Laborio said today, "Rib World is an acquisition that we are very proud to
announce. The growth of Rib World in the past 24 months has been amazing and
because of the limitless potential of the company we have entered into an
agreement to acquire an additional percentage of Rib World, when and if
parameters have been satisfied on Envit Capital's behalf. At his time we are not
able to divulge the details of the deal or acquisition in order to honour the
request of Rib World's private company status. These details will be released at
a later date when approved by Rib World."
• Envit Capital Group
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