Privately-owned Scotbeef has sold two sites in Scotland to larger peer ABP Food Group.
The deal centres on a meat packing facility in Glasgow and an abattoir further north at Bridge of Allan.
Financial details of the deal were not disclosed. The sale is expected to be completed at the end of July.
Privately-owned Scotbeef, headquartered at Bridge of Allan, Scotland, supplies beef and lamb cuts and ready-to-eat products to retailers in the UK and overseas, including Marks & Spencer and Lidl.
“This sale is the right move for our staff and producer suppliers, and also for Scottish agriculture as it secures the ongoing viability of these slaughtering and packing facilities in Scotland,” Scotbeef CEO Robbie Galloway said.
Scotbeef will continue to operate its sites in Inverurie, East Kilbride, Annan, Heysham and Wolverhampton.
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ABP supplies fresh and frozen meat products to retailers and foodservice clients internationally.
“We look forward to working with the team in Scotbeef to ensure a smooth and seamless transition for farmer suppliers, colleagues and customers at the Queenslie and Bridge of Allan plants. It will be very much business as usual with a commitment to building on Scotbeef’s well-established tradition and reputation for high-quality Scottish red meat products,” Frank Stephenson, ABP’s group CEO, said.
The meat giant employs over 13,000 people across four divisions, with processing facilities in nine countries and a turnover of €5bn ($5.48bn).
It was reported in April Scotbeef’s workers could lose their jobs at the Wolverhampton site. At the time, it was said 54 of the 98 employees at the facility site were at risk of redundancy.
Just Food asked Scotbeef if any employees had been laid off but the meet manufacturer declined to comment.
The company also refused to be drawn on whether it is moving its headquarters from Bridge of Allan.