Consolidation in the Irish beef processing industry continues with Kepak Group agreeing terms to acquire John Kelly Meats, Drumquin, Co. Clare.
The planned acquisition is subject to normal due diligence and to the statutory approval by The Competition and Consumer Protection Commission.
John Kelly Meats is a family owned beef processing business and markets its output both domestically and in EU markets. It is understood both companies have trade closely together for many years.
Commenting on the acquisition Mr. Sean Coffey, CEO, Kepak Meat Division, said Kepak is looking forward to developing its’ procurement capacity in the Clare catchment area-one of the most populous suckler beef counties in Ireland.
“The acquisition comes after a number of years trading with John Kelly Meats. The acquisition will add another strategic block to the spread of Kepak abattoirs across Ireland in well-established quality beef producing regions.
“The additional capacity and its potential for further development will enable our Meat Division to grow its business with our partner customers. Kepak looks forward to collaboratively working with local beef producers, the Kelly’s Team and to building on the successful business founded by Mr John Kelly”.
The move comes following the decision by the European Commission to cleared the acquisition of Slaney Foods and Slaney Proteins by Larry Goodman’s ABP Group and Britain’s Fane Valley.
The Commission said it had given the green light to the deal after investigating markets for purchasing live cattle, sheep and lambs for slaughter, and the sale of fresh meat and animal by-products.
By Ciaran Moran
Source: Irish Independent
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