Waterford-based Dawn Meats has completed its acquisition of a majority stake in New Zealand-based meat processor Alliance Group. Dawn Meats will pay $270 million New Zealand dollars (€133.4 million) to acquire a 65 per cent shareholding in Alliance, with farmer-shareholders retaining a 35 per cent stake in the business. Farmer-shareholders will also benefit from a distribution of up to NZ$20 million in the current financial year and up to NZ$20 million in the next financial year. In addition, up to NZ$26 million will be distributed as a special dividend from the joint venture to the new Alliance Investment Co-operative following a stronger than forecast year-end result for Alliance. Willie Wiese, chief executive of Alliance Group, said the completion of the transaction was an essential milestone.

Source: The Irish Times December 01, 2025 15:14 UTC