Roebuck Food Group plc ("Roebuck" or "the Company")
Disposal of Foro Food Solutions Limited
9 November 2026
Roebuck Food Group plc (AIM: RFG), is pleased to announce the sale of its wholly-owned subsidiary Foro Food Solutions Limited ("the Disposal" or “Foro”) to Peter Madden and Ian O’Farrell ("the Purchasers"). Foro focuses on food sourcing and distribution.
On 30 September 2026, as part of the Company’s Interim Results, the Board announced its intention to dispose of its legacy businesses over time in order to release capital to fund growth elsewhere in the Group. On 6 November 2026, in a circular posted to shareholders, the Board highlighted progression in the divestment of Foro and Moorhead & McGavin Limited (together, “the Legacy Businesses”) to simplify the Group and to focus its capital, management, resources and future growth strategy on GlasPort Bio Limited and GlasPort Rumen Tech Limited.
Foro is incorporated in Ireland with registered number 544977, with its registered office and principal place of business at 6th Floor South Bank House, Barrow Street, Dublin 4 Dublin Ireland.
The Disposal was completed for a consideration of £0.27 million. The consideration is made up of a settlement of Inter Company Loan £0.13 million and an assignment of debt of £0.14 million.
The transaction will result in a reduction of Group indebtedness of £0.27 million. For the six months ended 30 June 2026, Foro generated turnover of £1.46m and earnings before interest, tax, depreciation and amortization (”EBITDA”) of £0.03 million.
Following completion of the disposal of the Legacy Businesses and the Potential Transaction (as defined in the Circular), the Group’s strategy will be centered on the development and commercialisation of GlasPort Bio Limited’s GasAbate and Compli360 technologies and the continued development of GlasPort Rumen Tech Limited.
The directors of the Company take responsibility for this announcement.
Ends
Enquiries:
Roebuck Food Group plc | |
Aidan Hughes, Finance Director | Telephone: + 44 28 3025 7760 |
Davy (Nomad) | |
Anthony Farrell | Telephone: + 353 1 679 6363 |
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