Place: 22 Change: - 0
Worth 2018 €820 m (5.13%)
Worth 2017 €780 m
- Industry Food
Goodman-owned ABP Food Group extended its share of the Irish beef market in 2016, with a joint venture passed by European Competition Authorities in October allowing it to acquire a 50pc stake in Slaney Meats.
While Larry Goodman (80) has beefed up by expanding his empire at home, beef exports were up for the first half of last year, and new markets such as the US and China are continuing to grow. The industry remains wary of the threat of cheaper South American beef imports, however, as well as the continuing uncertainty over Brexit. ABP remains the largest beef processor in Europe.
One quirky link-up in the past year saw ABP join with Men's Health magazine to launch a new food range aimed at its health-conscious readers.
Pet foods are also understood to be a growth area for the firm, a sector where it supplies the meat for supermarket private labels. Goodman has other interests including in commercial property, with an extensive portfolio in Dublin and some in the UK, it's believed.
He is also one of the largest shareholders in One51 (now renamed IPL Plastics), and is a shareholder in Blackrock Clinic, where profits and revenues were up in 2016. His son, Laurence, meanwhile, is busy carving out a property empire, too, building houses in Louth and Meath and hoping to expand to the capital. It has also emerged that Goodman is the largest recipient of EU farm subsidies in the country, banking €431,000 in 2016.