The joint venture in which Fane Valley takes a 50% share in Drummonds came into effect this week having been cleared by the Competition and Consumer Protection Commission.
The venture was originally announced at the end of November and will mean that the combined businesses will have a strong presence across the northeastern part of the island of Ireland.
Fane Valley is a farmer-owned co-op, and is headquartered in Moira, Co Antrim.
ADVERTISEMENT
It has a network of farm supplies stores across Northern Ireland and a milling business that supplies the north and border counties.
It also has a portfolio of speciality meat businesses and the White’s Oats business.
Drummonds’ core business is the purchase and marketing of a wide range of grain types and it has a substantial seeds business in Drogheda, Co Louth, as well as a network of stores.
Fane Valley chief executive Trevor Lockhart said: “There is a very compelling strategic rationale for this joint venture and many synergies to be realised.”
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The joint venture in which Fane Valley takes a 50% share in Drummonds came into effect this week having been cleared by the Competition and Consumer Protection Commission.
The venture was originally announced at the end of November and will mean that the combined businesses will have a strong presence across the northeastern part of the island of Ireland.
Fane Valley is a farmer-owned co-op, and is headquartered in Moira, Co Antrim.
It has a network of farm supplies stores across Northern Ireland and a milling business that supplies the north and border counties.
It also has a portfolio of speciality meat businesses and the White’s Oats business.
Drummonds’ core business is the purchase and marketing of a wide range of grain types and it has a substantial seeds business in Drogheda, Co Louth, as well as a network of stores.
Fane Valley chief executive Trevor Lockhart said: “There is a very compelling strategic rationale for this joint venture and many synergies to be realised.”
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS