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Please, say it isn't so. Tayto, the beloved Irish crisps (potato chips), is now owned by a German company.

Largo foods founder Ray Coyle sold off his final 25 percent stake in the company to the German snack food company Intersnack. However, Coyle will stay on as chairman and director at Largo foods until 2017. Largo foods bought the Tayto brand in 2006 for €68m from C&C.

Coyle's current venture, Tayto Park, a theme park in Ashbourne, Co Meath, is doing well with over over 750,000 visitors reported so far in 2015.

Coyle founded Largo in the 1980s and went on to take over the Sam Spudz brand and create Hunky Dorys.

Intersnack now has full control of the company. Largo owns the King, Hunky Dory and Perri brands as well as Ireland's most famous crisp - Tayto. The four brands account for just under half of the Irish crisps and popcorn market.

In case you didn't know these crisps, especially the classic cheese and onion flavor, are a favorite among the Irish around the world. In fact they love them so much that the Tayto sandwich (fresh white bread, Irish butter and crisps) has become a real instutition. So much so that Aer Lingus have even started serving them on board.

Intersnack now has full control of the company. Largo owns the King, Hunky Dory and Perri brands as well as Ireland's most famous crisp - Tayto. Together the four brands account for just under half of the Irish crisps and popcorn market.