ABP announced today that it is to acquire the remaining 50% holding in Fane Valley Co-Op’s red meat business which includes Linden Foods in Northern Ireland and Slaney Foods and Irish Country Meats businesses in the Republic of Ireland.
The deal is subject to approval by the relevant regulatory and competition authorities and the businesses will continue to operate under their respective trading names for the foreseeable future.
“This development is the direct result of our successful joint venture arrangement, which has enabled all parties to improve their offerings to customers and to compete more effectively nationally and internationally, Frank Stephenson, Chief Executive of ABP said.
“The time is now right to build on this success ensuring that we continue to be a dynamic and innovative organisation as we face into the challenges of operating in a very competitive global marketplace; whilst also addressing the ongoing challenges of changing agricultural policies, Brexit and Covid-19.”
IFA, meanwhile, says the full takeover by ABP is “further erosion of competition in the processing sector”.
by Aisling Kiernan / Irish ExaminerRead full article Share on twitter