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Arvum sowing seed for bright future

Home | News | Arvum sowing seed for bright future

13 January 2020

13 January 2020

ArvumGroup
Roy Power reflects with the Sunday Independent Business on the strides the Arvum Group has made in innovating Agri most recently with the signing of the New York deal that will earn it $135 million over the next 5 years

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.

News Agri business, Agri investment, arvumgroup, moist feeds, Seedtech, specialist nutrition, Waterford business

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