Irish meat processor Dawn Meats is in talks to buy a stake in the beef and pork arm of French co-op Terrena.
The companies said they were in “exclusive negotiations” over a possible deal that could see Dawn Meats take a “minority stake” in Elivia, which claims it is the number two beef processor in France.
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“Terrena and Dawn Meats’ beef businesses are of similar size and are complementary in the context of their respective markets,” a statement said. “The two groups share the same strategic vision oriented around three objectives: quality, performance improvement and the development of new business opportunities, particularly on the European market.”
