Farmers Guradian
Topics
Nine ways to keep your farm vehicles safe

Nine ways to keep your farm vehicles safe

Arable Farming Magazine

Arable Farming Magazine

Dairy Farmer Magazine

Dairy Farmer Magazine

LAMMA 2018

New to Farmers Guardian?
Register Now
Login or Register
New to Farmers Guardian?
Register Now
New to Farmers Guardian?
Register Now

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days
Already a Member?

Login | Join us now

Rumours circulate over potential Dunbia and 2 Sisters red meat business merger

Industry reports suggest the two companies will form a joint venture focusing on their red meat businesses

Joel   Durkin

Twitter Facebook
Joel   Durkin
Twitter Facebook

Dunbia and 2 Sisters have refused to comment on speculation they will form a £1.3 billion joint venture.

 

The rumours were reported on The Grocer yesterday, which claimed the two were in ’exclusive talks’ to merge their red meat operations in a £1.3 billion joint-venture spin-off.

 

Farmers Guardian approached both 2 Sisters and Dunbia about the speculation, but both declined to comment.

 

It comes just months after Dunbia confirmed it would consider a sale or merger with other firms in a bid to raise funds to expand operations.

 

In December, a spokesman for Dunbia said the firm had received ’serious expressions of interest’ over the past two years and suggested it was open to offers.

 

Commenting on the speculation surrounding a Dunbia and 2 Sisters merger, NFU livestock chairman Charles Sercombe, said: "I do know that Dunbia has been looking at strategic investment for a while and I would not be surprised if Dunbia moves into an arrangement with other players.

 

"There have been a lot of rumours about it but it remains to be seen whether it all goes ahead."

 

Mr Sercombe added that if a deal did go ahead, it was important producers’ ability to sell stock was not affected.

 

"The concern from a farmer point of view is that if there are fewer processors in fewer hands it might give farmers fewer marketing opportunities for their produce," he told FG.

 

"On the other hand, rationalisation in the processing sector is inevitable and I think there will be more.
"I would hope there would be no effect on prices and people’s ability to sell stock."

Read More

Carcase classification continues upward trend Carcase classification continues upward trend
Dunbia and Dawn Meats collaborate to ‘better serve’ farmers Dunbia and Dawn Meats collaborate to ‘better serve’ farmers
'Worldwide agricultural downturn' blamed for Great Plains plant closure 'Worldwide agricultural downturn' blamed for Great Plains plant closure

Twitter Facebook
Post a Comment
To see comments and join in the conversation please log in.
Facebook
Twitter
RSS
Facebook
Twitter
RSS