Chicken farmers ‘will suffer’ after appointment of Cappoquin examiner

The IFA says chicken farmers will suffer following the High Court’s appointment of an interim examiner to the Co Waterford-based Cappoquin Poultry Ltd and the related company Cappoquin Poultry Holdings Ltd after being informed the business has debts of €6m.

IFA National Poultry Committee chairman Alo Mohan said: “It is an awful shame that, despite the efforts of the farmer suppliers, other suppliers and workforce to Cappoquin Poultry Products, the company is once again in such a poor condition that an administrator has been appointed.”

The company, which employs more than 130 people, was placed in examinership by the High Court on Monday with the appointment of Michael McAteer of Grant Thornton as administrator. The company will now operate for 100 days while Mr McAteer assesses the company’s viability.