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Full coverage: Agribusiness

After a tough year, Devenish banks on algae-enriched feed and carbon farming to attract equity investment

A destructive fire plunged the Belfast-based agri-tech group into the red in 2020 and triggered a board reshuffle, but growth was slowing before that. To turn R&D into profit, its CEO Richard Kennedy says the group now wants to bring in new shareholders.

Thomas Hubert
23rd Jun, 2021 - 7 min read

C’est qui le patron? The most interesting brand you have never heard of

Is a French retail revolution brewing? A consumer-led brand of staple foods has been taking over the aisles in the country and in nine other markets, offering lessons for Ireland’s agri-food industry.

Lorcan Bannon
26th May, 2021 - 6 min read

Kerry offers reassurances on M&A strategy. It should do the same on disposals

As the food technology group recovers from Covid-19, its chief executive Edmond Scanlon answered a series of questions on the way it picks, conducts and reports acquisitions. The future of its dairy and consumer foods businesses is far less clear.

Thomas Hubert
17th Feb, 2021 - 6 min read

Spin-off talks value Kerry Group’s dairy processing business at three times Glanbia’s. Is it worth it?

The historic Kerry Co-op is in advanced talks with the wider food group to regain control of its domestic agribusiness. The deal is a high-stakes bet for the farmers, and part of a final focus on high-tech ingredients for Kerry Group.

Thomas Hubert
22nd Jan, 2021 - 4 min read

O Christmas Tree, how changing is your business

From new market entrants to the multiple challenges of online sales and higher expectations in the year of Covid-19, the Christmas tree market is not exempt from change… Or is it?

Lorcan Bannon
23rd Dec, 2020 - 4 min read

The King of M&A and the beef baron: Inside Larry Goodman’s ABP boardroom

Larry Goodman’s decision to appoint a prominent London dealmaker to his family holdings one year ago, and the departure of his son Mark from ABP's senior executive team last month, book-end a period of dramatic change. What is next for the beef processing giant?

Thomas Hubert
1st Dec, 2020 - 8 min read

Hedging our food bets: Why the State should invest in the plant-based revolution threatening Ireland’s farming future

McDonald's is the latest food business to announce a plant-based alternative for next year. We don’t know yet if shifts in consumer demand away from meat and dairy are a temporary fad or deep-seated trends. Either way, a public stake in this emerging industry would help manage what the future holds for Irish farmers.

Jonathan Ruane
1st Dec, 2020 - 10 min read

The Kerry Co-op project: How Civil War looting and curling at an ice-rink saved Kerry farmers from multi-million tax bills

Thousands of farmers in the co-op at the origin of Kerry Group were targeted by the tax authority over the status of so-called patronage shares. A new landmark case has revealed how the probe came unstuck.

Thomas Hubert
19th Oct, 2020 - 8 min read

Growing sales by 20% during lockdown: “There is a consumer for whom food has become a topic of conversation”

Dairy food manufacturer Glenisk is expanding to double production. From a site with no electricity, Vincent Cleary has grown the family business to the forefront of Ireland’s organic industry – despite the disdain he says he has faced from official Ireland.

Ruth O'Connor
4th Sep, 2020 - 7 min read

Betting the farm: Devenish ploughs resources into deep agritech restructure

The Belfast-based livestock nutrition company is investing massively in its new global research and development centre in Co Meath, where it hopes to produce carbon-neutral beef and dairy by 2025. But the lenders behind a €118m refinancing package are keeping a close watch as its existing business faces the challenges of Brexit and Covid-19. To provide guarantees, Owen Brennan’s group has been reorganising.

Thomas Hubert
18th Aug, 2020 - 9 min read
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