News

Moy Park attracts interest from China

Wednesday, 26 July 2017

A CHINESE firm is interested in purchasing Moy Park, the Tyrone Courier understands.
The Dungannon based poultry firm, which employs around 3,600 staff in the In Northern ireland is to be sold by Brazillian based parent company, JBS S.A.
In 2015 Moy park reported pre-tax profits of 35.7 million.
However, JBS S. A. have remained tight lipped on the sale and news of interest from potential bidders.
"The company is not providing updates on the sale process now, and will make an announcement at the appropriate time," said a spokesperson.
Speaking after it was announced that the business was for sale, Moy Park's Chief Executive, Janet McCollum, remained confident the business will continue to go from strength to strength.
She said: "JBS S.A. announced a programme of divestment focused on strengthening JBS's financial position through net debt reduction.
The assets currently under consideration for sale include the Moy Park business.
Moy Park is a successful and growing food business with a solid financial standing. I have no doubt that our success is due to the great strengths of this business - our exceptional people, innovation and performance. 
"I also know that this will ensure our continued growth and stability well into the future.
"Our priority remains business as usual - delivering outstanding quality, innovation and service to our customers and consumers."

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