News - Ireland

Foyle buys abattoir and food processing business

More than 130 jobs in Gloucestershire have been saved at an abattoir and food processing business after it was sold to Foyle Food Group Ltd in a pre-pack deal.

Will Wright and Mark Orton were appointed joint administrators of Ensors Gloucestershire Ltd on 6 September 2013.

Following appointment, the company's business and assets - including a three-acre freehold site with 80,000 sq ft factory and plant at Cinderford in Gloucestershire - were sold to Foyle in a deal that secures the jobs of 136 employees at Ensors.

Foyle Food Group is based at Lisahally, County Londonderry.

Steve Leyman, managing director of Ensors, said: "The Foyle Food Group is a very progressive family business and have pledged their support to the workforce and beef producers."

Will Wright, joint administrator and restructuring partner at KPMG, added: "After suffering cashflow problems due to the loss of a significant contract and investment in an acquisition that failed to deliver the anticipated benefits, this long established family business was unable to continue trading and a solvent sale was not possible due to the levels of debt in the business.

"The sale of the business via 'pre pack' has enabled the continued employment of all 136 staff and will mean work at the abattoir and processing plant will continue under new ownership."

 
Powered by Chapter Eight
[X] Close