Fane Valley extends food group deal
Northern Ireland agri co-op Fane Valley is extending its joint venture with ABP Food Group, the meat giant run by Larry Goodman.
Their relationship is now to include Linden Foods, the meat processing business of Moira-based Fane Valley.
ABP Food Group will take a 50% stake in the Linden Foods company. Agreement in principle has been reached by both parties, subject to approval by regulatory and competition authorities.
Linden Foods is a fresh meat processor with facilities in Dungannon, Co Tyrone, and Burradon in England. It also owns Kettyle Irish Foods in Co Fermanagh. The announcement follows last year's Slaney Foods and Irish Country Meats joint venture between the Co-Op and ABP.
Trevor Lockhart, chief executive of Fane Valley, said: "Our experience of working with ABP Food Group in the Republic has been extremely positive and we now wish to build on this."