The sale of the Meat and Livestock Commercial Services (MLCS) to Hallmark Veterinary Compliance Services was completed on November 30.
AHDB has completed the sale of its carcase classification arm, Meat and Livestock Commercial Services (MLCS).
The levy board said £1.3 million would now be reinvested in the beef, lamb and pork sectors as a result.
MLCS has been acquired by Hallmark Veterinary Compliance Services. Farming Minister George Eustice approved the deal and it was completed on Friday (November 30).
The move was first announced in March, when Farmers Guardian reported sources inside the business were concerned the move threatened their independence and impartiality.
The levy body said since then there had been significant consultation with industry, with an oversight committee now to be established to ensure independence and value for money in the services at abattoirs across the country.
Jane King, AHDB chief executive, said: “We believe this move will safeguard the long-term future of independent, manual, carcase classification services in Great Britain.
“A lot of hard work has gone into this sale from a lot of people and we are pleased we have finally crossed the finishing line.
“Credit should go to all involved, particularly those who work for MLCSL, and we wish Hallmark all the best as they take MLCSL into a new chapter.”
103 staff will be affected by the move but no job losses were expected and services for customers will not be disrupted with ‘business as usual’ maintained as part of the deal.
Hallmark chairman David Peace said he was absolutely delighted with the acquisition.
“MLCSL’s key strengths are its very highly experienced and loyal staff and managers, and we’re very excited about this opportunity to work together, building on MLCSL’s well-acknowledged skills, its powerful brand and expanding its services and reach.”
AHDB also believed that ‘by moving the business into the private sector with a company that has a strong track record of delivering independent services to the meat industry, it will open up opportunities for greater efficiencies and synergies that would not be possible under the current public ownership model and secure the future of the business’.