Dawn Meats pursued NZ deal due to lack of openings in Ireland and UK, says chief executive
Waterford-based company received green light on Monday to acquire 65% of Alliance Group for €133m
Waterford-based company received green light on Monday to acquire 65% of Alliance Group for €133m
Waterford-based Dawn Meats to pay €132m for 65% stake in Alliance Group
Alliance Group accepts outside backers might help meat processor meet imminent debt deadline but not need for working capital
Both sides had agreed price would rise or fall depending on how New Zealand meat processor’s performance compared to targets
New Zealand’s Overseas Investment Office has cleared Dawn’s purchase
Alliance Group’s 4,300 farmer shareholders are due to vote on offer next month
Waterford-based company makes offer to buy 65% of Alliance Group, one of New Zealand’s biggest meat co-ops
Farmer shareholders will receive about €20m from proceeds of Dawn Meats’ investment, while their equity stake post deal will be worth €69m
Irish food group will take 65% stake in Alliance Group subject to shareholder support and regulatory approvals
Arrow group, which is family-owned, paid out a dividend of €1.8m, which was unchanged from the year before
Bid is understood to involve payment of NZ$270m for 70% stake in Alliance Group
An Bord Pleanála has overturned council decision to grant permission for Dawn Meats abbatoir to offload 400,000 litres of treated wastewater into the river every day
Records show lobbying push from Kerry Group and Dawn Farms against proposal to phase out flavourings
Environmental Protection Agency is scrutinising terms of permit for Dawn Meats in Ballyhaunis
Profits at Arrow Group jump to €20.3m as turnover tops €759m at parent of Irish Dog Foods
Workplace Relations Commission rules he was dismissed because of a back injury
Agreement will see meat processor increase its supply to German multiple by 35% over five years
Two of the group’s plants are among seven approved to supply beef to South Korea for the first time
Farmers’ representatives had expressed concern about the tie-up and its impact on competition in meat processing sector
Starting with a farm, businessman went on to co-found one of Europe’s largest meat processors and a major Irish agri-food business
Waterford businessman co-owned Arrow Group with his brothers, one of the biggest meat processors in the State
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Rival ABP Food Group has separately acquired two meatpacking sites in Scotland
Potential deal will lead to further consolidation of Ireland’s processing industry
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