Dalgety directors complete buyout - farmers weekly

Dalgety directors complete buyout - farmers weekly


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26 May 1998 DALGETY DIRECTORS COMPLETE BUYOUT _BY FWI STAFF_ SIX Dalgety managers have fulfilled their dream of taking over Dalgety Agriculture. The management buy-out of Dalgety


Agriculture, from the parent company Dalgety PLC for £50 million, was completed on Friday (22 May). The parent companys shareholders, at an extraordinary meeting last week, approved their


boards recommendation that the offer by the six be accepted. Dalgety Agricultures former chief executive Paul Kirk will become executive chairman of the new business, while Tony Taylor takes


over the post of managing director. The new independent company, which will continue to trade under the Dalgety name, will be divided into four sectors including: arable; dairy, beef and


sheep; pig and poultry; and horse and speciality. The buyout was funded by the NatWest Group.