Meat processing group Dunbia has played down reports talks over a possible deal with the UK’s 2 Sisters Food Group have stalled.
A spokesperson for Northern Ireland-based Dunbia told just-food today (17 August) “the process is ongoing” but said the company would not be commenting further.
A 2 Sisters spokesperson said: “The business never comments on M&A speculation.”
The Belfast Telegraph claimed yesterday talks about potential collaboration between the two companies had come to a “standstill”.
Speculation about possible cooperation between Dunbia and 2 Sisters was fuelled earlier this year after reports in the UK and Ireland suggested Dunbia – which has interests in beef, lamb and pork production – could be set to team up with 2 Sisters in a potential red meat venture.
Dunbia said last December it was mulling how to “maximise the potential” of the company after attracting interest in the business. The company said then it had received “several serious expressions of interest from would-be investors” in the past two years.