Carton brothers Vincent and Justin will continue to run Manor Farm for at least three years following the company’s €70m sale this week. On Tuesday, it was announced that the eighth-generation family owned business was sold to Swedish poultry company Scandi Standard in a cash and shares deal.

Scandi Standard generated sales in excess of €610m last year with operating profits of about €25m, giving the business a healthy profit margin of 4% to 5%. The Swedish company is about five times the size of Manor Farm, which had sales of €160m in 2016 and earnings (EBITDA) of €12.5m.