9 May 1997

HILLassets bought up by ANM Group

THE assets of Inverness livestock marketing company Highlands and Islands Livestock (HILL) have been bought from receivers by Aberdeenshire-based ANM.

Two bad debts, Perth Fresh Meats and a Glasgow abattoir, forced HILL into receivership last week and the ANM Group moved fast to buy the assets for an undisclosed sum.

HILL takes on a new name – &#42 and I Livestock Ltd – and will operate as an independent, wholly-owned subsidiary of the ANM Group. Founded 15 years ago as a federal of five farmer co-ops, HILL later became a limited company and had an annual turnover of about £5m, handling 100,000 sheep and up to 5000 cattle a year. &#42