MD Roy Power’s family has been in the seed trade five generations. It’s never been more ripe with opportunity, writes Fearghal O’Connor
The huddled group of low buildings look like a typical Waterford farmyard. Once a store for oats and livestock, they have been converted into a suite of modern offices from which an expanding seed and animal nutrition business now operates. “We’re five generations now in the seed business,” says Arvum Group managing director Roy Power, waving over his shoulder at portraits of important-looking men from different eras.
The family business traces its roots all the way back through five generations of Powers to 1858. But its current custodian – who speaks with the passion and enthusiasm of a startup entrepreneur – is more interested in talking about the future.
Arvum has struck a deal in New York that will double its €32 million turnover and earn it €135 million (€122 million) over the next 5 years.
Read more from the Sunday Independent Business story here.