Subject to Competition Authority approval, Kepak Group is set to acquire a majority shareholding in McCarren & Company in Cavan, the group’s first investment in the pigmeat sector.

In a statement, Kepak said: “The McCarren Family will remain as minority shareholders thus continuing their five-generation association with the business.Very importantly the future for the business is now put on a more secure footing supporting the entire staff of about 180 people and the livelihoods of all the pig suppliers to McCarrens.”

Mr John Horgan, managing director, Kepak Group said: “We look forward, subject to Competition Authority approval, to working with the staff and suppliers at McCarren’s and to integrating the business into the Kepak chilled meat business over the coming months.”

Mr Andrew McCarren, managing director McCarren said: “The McCarren family welcome the Kepak investment and the continuing support of Ulster Bank.  We look forward to leveraging the Kepak Group market presence in all the key markets to open up new opportunities for McCarrens and all the staff and suppliers associated with McCarren & Company.