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Glanbia considers meat management buy-out

Ireland's food group Glanbia announced last week that it has entered negotiations that may lead to a management buyout of its meats business which employs 850 people at four facilities and at pig farms in Ireland.

The management buy-out team is led by chief executive Jim Hanley, who has teamed up with three other senior managers - operations manager Niall Leydon, human resources chief Michael Slevin and Andy Fleming, the finance and strategy manager.

The company has stated that this development is in line with its objective to focus on key growth areas such as cheese, food ingredients, nutrition and selected consumer foods.

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