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Glanbia sells pig-meat unit for €35m
Dairy products manufacturer Glanbia today said it will sell its pig-meat business to the unit's management team for €35 million.
The management team is led by chief executive Jim Hanley.
Glanbia said that an insurance payout from a fire at a meat-processing plant in Edenderry Co Offaly, last year was included in the payment.
Glanbia said it would take an exceptional loss of €20.5 million in connection with the sale. The company is focusing on cheese, ingredients, nutrition and consumer foods.
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