Farm Ireland
Independent.ie

Thursday 21 September 2017

Goodman owned ABP to extend meat processing interests with Fane Valley deal

Larry Goodman controls Co Louth-based ABP Food
Larry Goodman controls Co Louth-based ABP Food
Ciaran Moran

Ciaran Moran

Fane Valley Co-op and ABP Food Group have plan to extend their joint venture relationship to include Linden Foods, the UK based meat processing business of Fane Valley.

The partnership will see ABP Food Group take a 50pc stake in the Linden Foods company.

An agreement in principle has been reached by both parties subject to approval by the relevant regulatory and competition authorities.

Linden Foods is an award winning fresh meat processor with facilities in Dungannon (Northern Ireland), Burradon (England) and Kettyle Irish Foods (Fermanagh).

The announcement follows last year’s Slaney Foods and Irish Country Meats joint venture between both parties and also a recent merger between Dawn Meats and Dunbia.

Confirming the plans, Trevor Lockhart, Chief Executive of Fane Valley Co-op said, the Joint Venture, which will continue to trade as Linden Foods under the current management team, will ensure that the business can capitalise on new commercial growth opportunities within both the domestic and international market place.

“The involvement of ABP will strengthen our global sales network and assist in ensuring Linden maximises the returns from all parts of the animal, including the 5th quarter.

“This will be a pre-requisite to delivering sustainable returns to primary producers in a post-Brexit era.

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Lockhard said its experience of working closely with ABP Food Group in the Republic of Ireland has been extremely positive and we now wish to build on this success.

Meanwhile, Frank Stephenson, Chief Executive of ABP Food Group said, “We are very pleased to have reached an agreement in principle with Fane Valley Co-Op and look forward to building on our successful partnership with Slaney Foods and Irish Country Meats.” .    

 ABP Food Group is one of Europe’s leading privately owned agribusiness companies with 46 manufacturing plants across the UK, Ireland and mainland Europe

The company also operates substantial renewable, pet food and protein divisions. In Northern Ireland, ABP Food Group has two processing facilities located in Lurgan and Newry and employs 650 people.  

Fane Valley Co-op has interests in red meat, animal feed, agricultural supplies, porridge oats and breakfast cereals, animal by-products and fat processing.

The co-operative was formed in 1903 and is farmer owned and farmer controlled.

 Linden Foods employs 1,100 people and is the meat processing division of Fane Valley Co-op in Northern Ireland and England.

Online Editors