Takeover rumours mount for Irish meat processor
A major Cavan Town meat processor has refused to comment on speculation of an impending takeover, in the same week as an investigation into paperwork irregularities were revealed.
The Anglo-Celt understands that McCarren & Co could potentially be taken over by Irish meat processing giants Kepak.
When The Anglo-Celt put the Kepak speculation to managing director, Andrew McCarren, he said he would not comment on the matter.
Queries sent to Kepak asking for confirmation of a proposed takeover or takeover discussions and what implications such a move would have for jobs remained unanswered at the time of going to press.
However this translates into profits after tax of €167,624 or a profit margin of just 0.42%, while net debt reportedly rose from €1.7m to €7.5m.
Damian McCarney | The Anglo-Celt
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