Moy Park 'guarantees continuity' as it sells off Dublin plant to meat processor Kepak
Northern Ireland poultry giant Moy Park is off-loading a production plant in Dublin in a multi-million euro deal, it has emerged.
The Craigavon-based firm is selling its Ballymun plant to Irish meat processor Kepak. It's understood the move is part of Kepak's plan to mitigate the potential disruption of Brexit.
The Poppintree plant employs around 35 people.
Moy Park was sold earlier this year by former Brazilian owners JBS to US firm Pilgrim's Pride Corporation in a £1bn deal.
A spokeswoman for Moy Park said: "The Dublin facility has been sold to Kepak, one of Ireland's leading meat producers, which has been the site's primary customer for a number of years.
"We believe this is positive news to insure the continuity of operations at Dublin.
"We are grateful and thank our colleagues at Dublin for their dedication and commitment to the business as they transfer to Kepak without any changes to their contract."
She said the deal was unrelated to Pilgrim's' acquisition in September. There have been no other disposals since the takeover, she added.
Ahead of its takeover, Moy Park Holdings (Europe) revealed revenues for the second quarter of 2017 of £391.6m, up from £364.7m. Pre-tax profits were £11.5m, down slightly from £11.6m in the same quarter of 2016.
Speaking at the time of the acquisition by Pilgrim's, Moy Park chief executive Janet McCollum said the deal would bring "great opportunities" for her company including the prospect of accelerating its plans for growth".