Goodman's ABP buys second Polish beef plant
LARRY Goodman's ABP Food Group has agreed terms to buy another beef-processing plant in Poland, dramatically increasing its footprint in the country.
In a statement, ABP said it has bought a second facility in Klosowice in the west of the country. That move will increase the company's production capacity to more than 100,000 animals a year, they said.
It is understood that ABP are paying between €5m and €10m to Italian firm Ferrarini.
The firm entered Poland two years ago when it took over a plant in Pniewy, which is said to be close to the newly acquired facility.
That one employs over 130 people and is one of the most efficient meat processing plants in Europe, ABP added.
Production in the new plant is slated to begin next February, and is expected to employ around 120 people once it is fully up and running.
Company chief executive Paul Finnerty said that a presence in Poland -- the second biggest beef exporter in Europe after Ireland -- was vital for ABP.
"This expansion will allow ABP Poland to further solidify our position as a sustainable supplier of high-quality Polish beef products to customers throughout Europe.
"When we entered the Polish market we intended to build a business of significant scale, and this acquisition is a continuation of that strategy," he added.
News of the ABP deal came as Dawn Meats said it was in talks with French co-op Terrena about taking a minority stake in its beef business Elivia. Talks are ongoing but if they succeed it will be a transformational one for the Irish company.