BWG Group has announced that it has successfully completed the acquisition of Heaney Meats, a large supplier of premium quality meat products to the foodservice sector in Ireland.
The retail and wholesale business first announced that it had agreed terms to acquire Heaney Meats, on the 29 November, 2019.
This follows clearance of the acquisition by the Competition and Consumer Protection Commission on 10 January 2020.
Commenting on the completion of the transaction, Leo Crawford, Group CEO, BWG Group, said that the acquisition of Heaney Meats will expand and enhance the groups meat offering and further strengthen its market leading position in the +€2 billion foodservice sector.
"Heaney Meats is very well regarded," he added and "delivers a great service to its customers across Ireland."
Heaney Meats which specialises in the preparation and distribution of premium quality beef, lamb, poultry, pork and bacon to the foodservice sector, has annual sales of approximately €24 million and employs 75 people at its facility in Galway.
The company was founded by Shayne and Kenneth Heaney in 1996, who will continue in their roles as managing directors.
The business has been the recipient of multiple industry awards and has developed well-invested supply chain operations that include a fleet of 25 refrigerated vehicles.
Following eight years of consecutive growth, BWG’s foodservice business has seen its annual sales increase to over €150 million, before the acquisition of Heaney Meats.
The company said that the acquisition of Heaney Meats is consistent with BWG’s future ambition and strategy for growth and follows the Group’s latest foodservice acquisition of Corrib Food Products which it announced in September, 2018.
© 2020 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.