Goodman subsidiary back in the black with €3.2m pre-tax profits

Slaney Food Group, a spin-off from the beef baron’s ABP Foods, had racked up losses of €1.3 million in 2019 due to disruption caused by farmers’ protests

Larry Goodman’s ABP Food Group first acquired a 50 per cent stake in Slaney Foods Group in 2015, after it bought out the stake controlled by businessman Bert Allen

Slaney Food Group, a subsidiary business of Larry Goodman’s ABP Foods, returned to profit in 2020 after the company racked up an operating loss the previous year due to the two-month-long beef protests in 2019.

Accounts filed for Wexford Beef & Lamb Unlimited, which is the parent company of the Slaney Food Group, show the company reported a pre-tax profit of €3.2 million for its 2020 financial year.

The company racked up losses of €1.3 ...