These islands are too small for leading Irish beef and lamb processors. The Queally and Browne families will use lessons learned in a previous French joint venture to leverage their new Kiwi acquisition.
The group owned by the Queally and Browne families exited Elivia last year to focus on the UK instead. It is now clearer what returns it received from France’s number-two beef processor – and why it chose to leave.
New figures from the listed food technology giant and the Waterford meat processing family business reveal different strategies to navigate the same environment.
Since 2015, the group owned by the Queally and Browne families has had a 49% stake in French-based Elivia. Instead of exercising an option to take it over, the Irish shareholder is selling out. Why?
Elivia, the billion-euro meat processor part-owned by the Browne and Queally families, is roaring ahead. The Irish partners are giving themselves time to decide on a full takeover.
From wage subsidy schemes to public-private partnerships, recently filed accounts show that some companies have benefited handsomely from state handouts triggered by the pandemic – whether they needed them or not.
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