Moy Park changes hands in €1.3bn takeover deal

Moy Park — the North’s largest private-sector employer and one of the leading poultry producers in Europe — has changed ownership as part of a $1.5 billion (€1.3bn) takeover deal.

The Craigavon-headquartered company employs 12,000 people in Ireland, Britain, and mainland Europe.

It has been sold by its Brazilian owner of the past six years, food-processing giant Marfrig, to another Brazilian business, meat-packing giant JBS, which ranks as the world’s largest meat-packing company.