No monetary particulars surrounding the transaction have been publicly disclosed.
The Larry-Goodman owned meals processor acquired an preliminary 50 per cent stake in Linden Meals in 2017 via its three way partnership with Fane Valley.
The unique deal was referred to the European Fee over competitors issues and the brand new transaction is topic to approval by the related regulatory and competitors authorities
The deal contains Linden within the North and the Slaney Foods and Irish Country Meats companies within the Republic. These companies have all operated beneath the ABP/Fane Valley three way partnership for the final 5 years.
ABP stated the companies will proceed to function beneath their respective buying and selling names for the foreseeable future.
“This improvement is the direct results of our profitable three way partnership association, which has enabled all events to enhance their choices to clients and to compete extra successfully nationally and internationally,” stated ABP chief govt Frank Stephenson.
“The time is now proper to construct on this success guaranteeing that we proceed to be a dynamic and modern organisation as we face into the challenges of working in a really aggressive international market; while additionally addressing the continuing challenges of adjusting agricultural insurance policies, Brexit and Covid-19,” he added.