West Cork-based processor Keohane Seafoods has entered into a €21 million supply deal with Tesco Ireland.
Announced on Tuesday, 2 April 2, the two-year agreement is set to double Tesco Ireland’s annual spending with Keohane to approximately €14 million. This expansion will introduce over 20 new Tesco brand product lines, bringing the total range to more than 50 seafood products across the retailer’s 170 stores.
Currently, Keohane provides 30 different fish products to Tesco Ireland. The new deal marks a substantial increase in the variety and availability of seafood offerings for Irish consumers.
On the day he stepped down from the Irish cabinet, veteran Minister for Enterprise, Trade and Employment, Simon Coveney welcomed the announcement, adding that he was “delighted to see Tesco Ireland agreeing this multi-million-euro partnership with Keohane Seafoods.
“Tesco Ireland’s commitment to supporting great Irish producers, like Keohane’s, is important for maintaining and securing future jobs, particularly in rural and coastal areas.”
Colman Keohane, Managing Director Keohane Seafoods, also welcomed the partnership extension, adding that the firm was “delighted to work with Tesco Ireland on bringing these highly innovative products to their many customers across Ireland.
“As a company, we have made a significant investment in our new state of the art factory. We are really excited that in addition to our core range of seafood products, we now have a dedicated facility that can provide a quality range of “Ready to Eat” seafood products to Irish consumers.”
Commenting on the new investment, Joe Manning, Commercial Director of Tesco Ireland said, “With this partnership, Tesco customers can look forward to enjoying this expanded range of affordable, high-quality seafood products, from this award-winning Irish seafood producer.”
In 2022, the company signed a new €20 million deal with Lidl Ireland.
