Interim examiner appointed to chicken processor

The High Court has appointed an interim examiner to the Co Waterford-based Cappoquin Poultry, which employs more than 130 people.

Yesterday, Mr Justice George Birmingham appointed Michael McAteer of Grant Thornton as interim examiner to both Cappoquin Poultry Ltd (CPL) and to the rela-ted company Cappoquin Poultry Holdings Ltd after being informed the business has debts of €6m.

Cappoquin Poultry’s largest unsecured creditor, Henry Good Ltd, which is owed €3.9m for supplying chicken feed, petitioned the court for Mr McAteer’s appointment on grounds which include that CPL is insolvent and to prevent the processor’s assets from being stripped.