Dawn Meats acquires 49% stake in French beef and veal processor
Dawn Meats acquires 49% stake in French beef and veal processor
Dawn Meats has received approval from the EU Competition Commission for its acquisition of a 49% stake in beef and veal processor, Elivia.
Elivia is a leading player in agrifood in France employing 2,600 staff and with annual revenues of over €1bn.
The agreement also includes an option for Dawn Meats to increase its stake in Elivia to 70% by 2019, which would see the business double in size.
Commenting on the agreement, Niall Browne, CEO of Dawn Meats said: “Our aim is to leverage our leadership position in traceability and sustainability so that we are at the vanguard of meat marketing internationally. Our scale, premium positioning and routes to market will benefit our customers and thousands of farmer suppliers in Ireland, the UK and now, via Elivia, in France.”
