IFA Expresses Concern on Competition and Market Concentration over Abp Investment in Slaney Meats and Icm
IFA National Livestock Chairman Henry Burns said cattle and sheep farmers have serious concerns on competition and the concentration of the kill with the proposed investment by the ABP Group in Slaney Meats and Irish Country Meats. He said ABP have confirmed that they are set to take a 50% stake in Slaney Foods, which involves the purchase of the Allen family stake in the business.
The IFA Livestock leader said, “Competition in the beef and lamb trade is always a contentious issue between farmers and factories. Farmers are rightly concerned with the over dominance of a number of major players at both processing and retail level”.
Henry Burns said the investment will be subject to clearance by the Competition and Consumer Protection Commission, which needs to undertake a full investigation and provide the necessary guarantees and undertakings to farmers around competition and market concentration.