• Breaking News

Cootehill Co-operative chicken company finds buyer

Wednesday, 9th January, 2013 10:23am

Story by Tom Kelly
Jump to comments
Cootehill Co-operative chicken company finds buyer
Cootehill Co-operative chicken company finds buyer

Cootehill Co-operative chicken processing company, which closed towards the end of last year faced into receivership with a threat to up to 90 jobs has been bought out by fellow poultry company, Lyntop.

It was late yesterday evening that Simon Coyle of Mazars confirmed the sale of the embattled east Cavan company which has been in operation since 1949, to Lyntop, who are associated with Derby Poultry, .

Last October up to ninety people faced losing their jobs, and some 25 suppliers locally were also affected by the closure, some claiming they were owed up to €15,000 for birds send to the factory. It is hoped now, as a result of the buy-out, that some of the jobs at the company can be saved following the sale.

Back in 2008, Derby Poultry were involved in the buyout of the Cappoquin Poultry Processing Plant, safeguard the future of the Waterford facility.

The 50-year-old Irish poultry processor had gone into liquidation at the time with debts of €7-8m and the jobs of 250 staff in doubt.

Keep up-to-date with the latest news from around the county with an Anglo Celt Epaper subscription from €2.20* 

Group Publications

Your Forum
    Cookies on Anglo Celt website
    We use cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the Anglo Celt website. However, if you would like to, you can change your cookie settings at any time by amending your browser settings.
    How does Anglo Celt use cookies?
    Cookies enable us to identify your device, or you when you have logged in. We use cookies that are strictly necessary to enable you to move around the site or to provide certain basic features. We use cookies to enhance the functionality of the website by storing your preferences, for example. We also use cookies to help us to improve the performance of our website to provide you with a better user experience.
    We don't sell the information collected by cookies, nor do we disclose the information to third parties, except where required by law (for example to government bodies and law enforcement agencies).
    Hide Message