Kepak's takeover of Munster processor gets Competition approval
The proposed acquisition by Kepak Group, through its indirectly wholly-owned subsidiary, Kepak Cork, of John Kelly Meats has been cleared by the Competition and Consumer Protection Commission
The Commission has formed the view that the proposed transaction will not substantially lessen competition in any market for goods or services in the State.
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.