Belfast Telegraph

UK Website Of The Year

Dunbia's pork business was sold to Cranswick for £18m

By John Mulgrew

Published 30/11/2016

Founder: Jim Dobson
Founder: Jim Dobson

Northern Ireland meat giant Dunbia sold its pork sector to British firm Cranswick for £18m, it has emerged.

Cranswick bought the firm's Ballymena arm, which employs around 360 staff and processes almost 8,000 pigs a week.

The firm's latest accounts show the business was acquired for £16.9m in cash, with a further £1.25m payable under certain conditions.

Cranswick said the acquisition enhances its "pig processing capability and establishes a significant presence in Northern Ireland".

"The fair values on acquisition are still being assessed due to the recentness of the transaction and will be finalised within 12 months of the acquisition date," it said.

The Belfast Telegraph revealed last year that a teaser document had been prepared for businesses interested in snapping up the Co Tyrone-headquartered company.

Dunbia started life as a red meat processor, primarily beef, but has now grown its reach across the wider meat industry.

The company was co-founded by brothers Jim and Jack Dobson and the latter will continue in a consultancy role with Cranswick.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph