Sector News

Dunbia considering sales options

December 16, 2015
Food & Drink

Irish processor Dunbia has confirmed it is considering offers from buyers for the business.

Long-rumoured to be courting purchasers, a spokesman for Dunbia confirmed the business was now “considering options”.
“Dunbia has enjoyed consistent growth over the past number of years and has ambitious plans to grow and expand the business,” the spokesman said. “Market dynamics are continually evolving and we are currently exploring the best options to ensure we are well placed to meet the demands of the marketplace, now and in the future.

“We have received several serious expressions of interest from would-be investors over the past two years and we are now considering options for maximising the potential of the company going forward.”

He added that it remained “business as usual”.

“While we are working on plans for the future, our focus very much remains on day-to-day operations and delivering a first-class service to our customers.”

The company currently has 4,000 staff across the Republic of Ireland and the UK. Pre-tax profits for the company fell £3m in the last financial year.

The business was recently given provisional approval by the Chinese certification agency, the CNCA, to supply pork to China. Dunbia and Karro Food Group are the only two Northern Ireland processors to potentially have access to this lucrative market.

By Aidan Fortune

Source: meatinfo

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach