Kepak meat group in Brexit hedge with the acquisition of the British food group

Kepak Group acquired the red meat operations of the British food group 2 Sisters as part of an initiative that will increase "significantly" the value and scale of the producers' activity Irish meat and food.

Co. Kepak acquired the company for an undisclosed amount and will take control of the company with immediate effect.

In a statement, Kepak said that the "acquisition" will significantly increase the value and scale of Kepak by providing a number Kepak said that the agreement is also "at a time a Brexit and £ / £ coverage for existing Irish and UK companies', while offering the group is a sustainable source of British raw materials for Kepak's meat-based value-added activities, which are located in Ireland and in the UK and supplying Irish, European and British customers.

UK Food Group 2 Sisters was established in 1993, and its food brands include Donegal Catch, Green Isle and Fox's Biscuits. It belongs to Boparan Holdings and acquired its red meat business following the purchase of VION in 2013. The red meat business in the United Kingdom is operated from four key production sites in Scotland,in Wales and England. Collectively, these four sites are processing and selling, mainly in the UK, about 250,000 cattle and more than 1 million lambs a year from more than 13,000 farmers scattered between Scotland and Cornwall.

John Horgan, CEO of Kepak Group marks a "very important step" in the implementation of its strategy to develop its meat and food business in complementary markets of its existing activities in Ireland and the United Kingdom.

"This is an excellent choice for Kepak.The addition of these facilities to the Kepak Group greatly increases the value and scale of our business.We are delighted to welcome all of our new colleagues who will be transferred with the acquisition.We look forward to working with them to develop our combined Irish and UK business and further develop relationships with existing and new customers.While doing so, we are working closely with the breeders who have been loyal suppliers of these British sites for many years, "said Horgan.

Kepak was advised by the Irish finance company Pegasus Capital.

Founded in 1981 by Noel & Marie Keating, Kepak realizes a turnover of about 1 billion euros and employs 3,000 people spread over twelve production sites and several sales offices. Kepak's mainstream brands include Rustlers, Big Al's, Feasters and Stript Snacks.