Takeover of Galtee gets go-ahead

The Competition Authority has given approval to the takeover of Galtee Meats by the Queally family-owned Dawn Meats.

The multi-million euro takeover of Galtee, which was owned by Dairygold, had been held up by a lengthy investigation by the Competition Authority on the impact of the deal on the meat market.

Last month, the authority said that during the normal one-month initial investigation it was unable to determine whether the purchase would substantially weaken competition in the market and began a full investigation under Section 22 of the Competition Act 2002.