A joint venture company, formed by Kepak Group and Oliver Carty, has agreed terms to acquire a majority shareholding in Greene Farm Foods in Rathowen.
The planned acquisition is subject to normal due diligence and the statutory approval of the Competition and Consumer Protection Commission.
“This joint venture collaboration and investment by Kepak 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,” John Horgan, Kepak Group MD Kepak “I am looking forward to collaborating with Oliver Carty to develop win-win outcomes for all parties involved.”
Greene Farm Foods processes and markets a range of high quality cooked convenience meats into the retail and foodservice distribution channels, predominantly in Ireland, while Oliver Carty processes and markets a wide and varied range of multiple award winning pork and bacon products also predominantly into the Irish retail and foodservice distribution channels.
Kepak Group is a significant primary and added value processor of Irish beef, lamb and pork and it also has a significant portfolio of own brand and branded convenience foods which has an EU and international sales reach to a diverse range of retail and foodservice customers.
“I am excited by the new horizons afforded by this Kepak-Oliver Carty investment in Greene Farm Foods,” added Ken Greene, MD Greene Farm Foods.
“We will continue to be specialist producers of premium sliced cooked meats, and in particular we will continue to develop the ‘Greene Farm Brand’.”