Moy Park

Belfast Telegraph - Business Telegraph - - News -

In 2015 Moy Park was a wholly owned sub­sidiary of the Brazil­ian com­pany Mar­frig, which op­er­ated a wide range of com­mer­cial in­ter­ests in meat and meat prod­ucts. The then par­ent group had in­ter­ests in sup­ply­ing western Europe from Brazil.

In June 2015 Moy Park was bought by an­other Brazil­ian com­pany, JBS SA, re­ported to be the world’s largest pro­tein-mak­ing com­pany and the sec­ond largest Brazil­ian global food busi­ness.

More re­cently, in Septem­ber 2017, Moy Park was ac­quired by the Pil­grim’s Pride Cor­po­ra­tion. How­ever, a fea­ture of this ‘sale’ was that Pil­grim’s Pride is al­ready a sub­sidiary of JBS SA.

Moy Park has, there­fore, moved to a dif­fer­ent man­age­rial re­la­tion­ship still as part of the JBS group.

JBS SA is ul­ti­mately con­trolled by the Batista fam­ily through their own­er­ship and con­trol of J&F In­vest­men­tos SA with a 42% own­er­ship of the cap­i­tal of JBS SA.

Moy Park is it­self a large in­ter­na­tional or­gan­i­sa­tion with 10 pro­cess­ing sites across the UK, Ire­land and France. The main ac­tiv­i­ties of this Craigavon-based group are in lo­cally farmed poul­try and poul­try pro­cess­ing.

The Group also pro­duces and sells a range of com­ple­men­tary con­ve­nience food prod­ucts and brands.

Moy Park is the largest lo­cal pri­vate sec­tor em­ployer, con­trolled from North­ern Ire­land, with an av­er­age of 9,620 em­ploy­ees in 2016.

This is an in­crease of 4% from 9,230 em­ployed in 2015. A large num­ber of these em­ploy­ees is lo­cated out­side North­ern Ire­land.

Turnover con­tin­ued to en­joy an an­nual in­crease in each of the last nine years. For the fifth suc­ces­sive year, turnover ex­ceeded £1bn.

In 2016, op­er­at­ing prof­its, at nearly £66m, were up 30% when com­pared to 2015. Pre-tax prof­its at the busi­ness also rose by 67% to nearly £60m, partly as a re­cov­ery af­ter ex­cep­tional costs of just over £8m the pre­vi­ous year.

Div­i­dend pay­ments to the share­hold­ers in­creased sharply in 2016 to just over £22m.

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