The proposed acquisition of sole control by Kepcar Investments Limited, a joint venture between Kepak Group and Oliver Carty, of Greene Farm Foods has been cleared by the Competition and Consumer Protection Commission.
Kepak, one of Ireland’s largest meat processors, announced its plans to acquire a majority shareholding in Greene Farm Foods in December of last year.
Speaking at the announcement of the acquisition last year, Managing Director of the Kepak Group, John Horgan said this joint venture collaboration and investment by the Group and Oliver Carty in Greene Farm Foods will unlock significant commercial and operational synergies for all the shareholders and for the supply chain stakeholders.
“Kepak looks forward to collaborating with Oliver Carty to develop win-win outcomes for all parties.”
Greene Farm Foods is a meat processor, with a range of cooked sliced and pulled chicken, turkey and to a lesser extent beef. The Oliver Carty company processes and markets a wide and varied range of pork and bacon products.
Kepak Group agrees deal to buy Clare-based beef processor
Meanwhile, the Group was cleared last year to buy the Clare-based John Kelly Meats.
The family-owned beef processing business markets its output both domestically and in European Union markets.
Sean Coffey, CEO of the Group’s Meat Division said that the acquisition came 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.”