Musgrave's takeover of Meath-based Healy Supermarkets Ltd has been cleared by the Competition and Consumer Protection Commission (CCPC).

The retail and wholesale giant reached a deal to acquire Healy Supermarkets, which operates a SuperValu store and Tara Newsagents in Dunshauglin, in October.

There are 259 SuperValu stores on the island of Ireland, of which Musgrave operates fewer than 50, with the Dunshaughlin location due to become the latest.

Terms of the deal have not been disclosed

Musgrave also owns the Centra, Donnybrook Fair and Mace franchises, and its brands now operate a total of 1,343 retail stores in Ireland and Spain.

Group turnover exceeded €5bn for the first time last year, increasing 6% from €4.7bn in 2022, while profits increase €5m year-on-year from €99m to €103.9m.

Pre-tax profits increased year-on-year from €116m to €128m, and the group ended the year with cash reserves of €193m, down from €238m a year prior.

The Republic of Ireland accounted for more than 80% of Musgrave's sales last year at €4.1bn, with Northern Ireland making up €600m and Spain €300m.

Musgrave brands made retail sales of €6.5bn for the year, including sales of €3.5bn at SuperValu and €2.1bn at Centra with Daybreak (€300m), Spanish chain Dialprix (€200m) and Mace in Northern Ireland (€100m) making up the balance.

Healy Supermarkets reported annual turnover of €17.9m last year, an annual increase of 8.5%, with profits falling from €657,500 to €615,700.

Paul Healy was the controlling shareholder in Healy Supermarkets, and the independent retailer employs 110 people.

In a statement last month, Musgrave said that SuperValu Dunshaughlin would continue to trade as normal following the sale with no impact on staff.

Photo: Musgrave Group CEO Noel Keeley. (Pic: Clare Keogh)