Dawn Meats to acquire stake in French firm

The EU Competition Commission has approved the Dawn Meats acquisition of a 49% stake in Elivia, a €1bn turnover business and the No 2 beef and veal processor in France.

Dawn Meats has an option to increase its stake in Elivia to 70% by 2019, agreed with Elviva’s owners, French co-op Terrena. The deal will see Dawn double in size to a group with revenue over €2bn within four years.

Niall Browne, CEO of Dawn Meats, said: “In a consolidating industry we believe that this deal brings considerable scale and knowledge-sharing benefits to both parties.