Irish meat processor Kepak has announced that it is acquiring a new facility in Poppintree, Dublin, from poultry giant Moy Park.
The deal, which is expected to close by the end of the year, comes six months after Moy Park was put up for sale by Brazilian meat-packing company JBS.
Kepak Expansion
This is Kepak’s fourth major deal this year, following an investment in Greene Farm Fine Foods and the acquisitions of Country Park Foods, Huddersfield, and Kepak Clare – a standalone abattoir.
“Meeting the challenge of changing consumer tastes, increasingly competitive markets, and the potential disruption from Brexit requires an approach that plays to our strengths and invests strategically in acquisitions which deepen our offering, especially in the new markets we are developing,” said John Horgan, managing director of Kepak.
“The addition of Poppintree to the Kepak family of facilities further enhances our capability in added-value cooked products,” Horgan continued.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
