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Monday, July 15, 2024

Forbes Solicitors Acts For Kepak In Aquisition of 2 Sisters Red Meat Limited

Lancashire legal firm Forbes Solicitors has represented Irish meat producer Kepak Group in its acquisition of 2 Sisters Red Meat Limited from Boparan Holdings Ltd.

The acquisition fits Kepak’s plans to increase the value and scale of their company in markets that are complementary to their existing businesses.

The deal, for an undisclosed sum, is aimed at strengthening Kepak’s meat supply partnerships with its UK and EU customers.

The 2 Sisters Red Meat business is operated from four key production sites: McIntosh Donald in Portlethen, Scotland, and three St. Merryn sites in Merthyr, Glamorgan, and Bodmin and Victoria, Cornwall.

The four sites and cold storage facilities process and market around 250,000 cattle and more than a million lambs annually from 13,000-plus UK farmers.

Forbes advised Kepak on the share purchase and the property acquisition aspects of the deal.

Partner and Head of Corporate at Forbes Pauline Rigby said: “It was a pleasure to work with the Kepak Group on the acquisition of 2 Sisters Red Meat.

“This transaction demonstrates the expertise and breadth of resource our Corporate Team has, enabling it to successfully support our clients with their strategic growth plans.

“Supply chain consolidation is now more strategically important than ever and this is an example of the strategy behind a number of our clients especially within the manufacturing industry. We wish Kepak all the best with this strategic move which we are sure will take them from strength to strength.”

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