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Meat factory sale review sought
08 Feb 2016 22:10
Minister for Agriculture Simon Coveney has announced he will refer the proposed purchase of a 50% stake in Slaney Meats by Larry Goodman's ABP meat processors to the Competition and Consumer Protection Commission.
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It follows an Irish Farmers’ Association rally yesterday, which involved several hundred farmers with tractors outside the meat factory in Bunclody Co Wexford.
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IFA National Livestock Chairman Henry Burns had accused the minister of leaning towards the processors and said farmers could not understand why he was adopting a detached policy on such an important issue to them.
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A spokesperson for Mr Coveney said the minister will write to the competition commission and ask them to conduct a robust examination of the proposed merger in light of farmers' concerns.
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According to the IFA, the acquisition of a 50% stake in Slaney Meats would increase Mr Goodman's dominance in the Irish livestock sector.
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It said the sale would give ABP effective control over 30% of the national beef kill, 40% of the national lamb kill, and 50% of the six meat-rendering factories in the country.
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