Gourmet sweetmaking firm sees profits rise to £1.7m
The Dublin-based gourmet sweetmaker that produced 14 million jelly beans a day last year has recorded increased revenues and profits.
New accounts just filed by Aran Candy Ltd, trading as the Jelly Bean Factory brand, show that profits last year increased by 2% to €2.39m (£1.7m). This followed revenues increasing by 9% to €12.81m (£9m).
Last year, Scandinavian confectionery firm Cloetta acquired Aran Candy for €15.5m (£11m) in cash. Aran Candy was established by father and son Peter and Richard Cullen in 1998. The firm exports 98% of its production to 60 export markets around the globe with its main market in the UK.
It also exports to the US, Canada, Saudi Arabia, the United Arab Emirates (UAE) and South Korea. Employment numbers grew from 75 to 90.