Irish Country Meats lamb factory Camolin.
ABP has agreed to purchase the Fane Valley share of Slaney, Irish Country Meats (ICM) and Linden Foods, subject to regulatory approval.
These factories had been run as a joint venture (JV) between ABP and Fane Valley since 2016 when ABP acquired the Allen family shares in Slaney and ICM, with Linden Foods added to the JV in a subsequent deal between ABP and Fane Valley.
Outright ownership of Slaney and ICM will move ABP ahead of Dawn as the biggest processor of beef and sheepmeat, with around 28% of the beef kill and over 40% of the sheepmeat kill in the Republic of Ireland.
7th May 2021
ABP has agreed on a deal with Fane Valley Co-op to acquire the remaining 50% holding in its red meat business, subject to approval by regulatory and competition authorities.
The transaction includes Linden Foods in Northern Ireland and Slaney Foods and Irish Country Meats businesses in the Republic of Ireland. The businesses have operated as an ABP/Fane Valley joint venture for the last five years. Each firm is expected to continue to operate under their respective trading names for the foreseeable future and the sites will continue to operate as normal.
The financial terms of the deal were not disclosed.
SHARING OPTIONS:
Full control of Slaney, ICM and Linden Foods will further strengthen ABP s position in the Irish meat industry. \ Barry Cronin
Full control of Slaney, ICM and Linden Foods will further strengthen ABP s position in the Irish meat industry. \ Barry Cronin Previous Next
The
Irish Farmers Journal understands that ABP is buying out Fane Valley’s share of Slaney, Irish Country Meats (ICM) and Linden foods in Northern Ireland.
ABP and Fane Valley had run these businesses as a joint venture (JV) since ABP acquired the Allen family shares in the Slaney and ICM businesses and also bought half of Fane Valley-owned Linden Foods in Northern Ireland.