Donegal Investment Group agrees to dispose of its Animal Feed Business to Fane Valley Co-Operative Society.

The Board of Donegal Investment Group disposeD of its animal feed business, Robert Smyth & Sons and its subsidiary companies, including its subsidiary company Burke Shipping Services, to Fane Valley Co-Operative Society. This is in line with the previously announced strategic review of the Company’s various businesses and assets. Smyths engages in the manufacture of high quality animal feeds from one of Ireland’s most modern production facilities. The Business supplies branded and un-branded feed products for ruminant and monogastric animals including Beef, Dairy, Sheep, Pig and Poultry across the north and northwest of Ireland. “We are pleased to announce that we have agreed to sell our animal feed business Robert Smyth & Sons and subsidiaries to Fane Valley Co-Operative Society. We wish the Businesses, their employees and management, and their new owners Fane Valley, every success in the future. We will continue to support the growth plans of our specialty dairy business Nomadic as well as continuing the strategic review of the remaining businesses and assets of the Company with the objective of maximising value for all shareholders.” Ian Ireland, Donegal Managing Director.