Kerry Group sells poultry processing plants

IRELAND’S largest food company, Kerry Group, has sold its primary poultry processing operations in Britain and Ireland in a drive to improve margins.

The Tralee-based group confirmed yesterday it sold the units at the end of December. No price has been disclosed. Head of corporate affairs Frank Hayes said this was at the purchaser’s request.

The group has sold its Grove Farm operations in Monaghan to its three key executives, Tom O’Driscoll, Stephen O’Halloran and Brendan McGuire, all long-term group employees.