ABP Food Group Sells Silvercrest Facility to Kepak

 Breaking News
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...

ABP Food Group Sells Silvercrest Facility to Kepak

ABP Food Group Sells Silvercrest Facility to Kepak
April 18
13:17 2013

The ABP Food Group has taken the strategic decision to exit the frozen burger sector in Ireland and as a consequence has sold its Silvercrest facility at Ballybay in County Monaghan, which was involved in the horsemeat scandal, to Kepak Group, subject to Competition Authority approval. The terms of the transaction are confidential.

The sale involves the transfer of the 122 staff currently employed at Silvercrest. Throughout the last three months ABP has maintained the Silvercrest staff on full pay whilst the future of the plant was resolved.

Paul Finnerty, chief executive, ABP Food Group, comments:“The decision to sell the facility is the right one for both the wider group and also for the 122 employees at the County Monaghan site who transfer as part of the deal. Our decision to sell the Ballybay facility allows the group to move forward positively with our core chilled beef business and other developing businesses.”

ABP Food Group was one of a large number of leading European operations affected by the equine issue. The issue affected frozen burgers which are not core to the group’s future business strategy.

ABP Food Group’s chilled business, which is the core activity for the group, has been unaffected by the horsemeat issue and sales of its chilled beef products have remained unaffected.

“Irish beef is held in the highest regard internationally and, as Europe’s largest beef exporter, ABP Food Group will continue to invest in expanding and developing this and the other businesses within the Group,” he adds.

ABP employs 8,000 in 36 facilities in eight countries, of which 2,500 are employed in Ireland and in the past three years has invested Eur150 million in the expansion and development of its businesses in Ireland and abroad.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here