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