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Philip Reynolds has sold his final 15% stake in pet food company C&D Foods to ABP Food Group.
Reynolds was CEO of the company for almost 30 years and is the son of its founder, former Taoiseach Albert Reynolds.
C&D Foods produces pet food across 11 sites across Europe.
ABP Food Group, owned by Larry Goodman, first acquired a stake in C&D Foods in 2008.
C&D Foods has reported revenues in excess of €500m. According to a report in the Sunday Independent, 40% of the business is UK-focused and Reynolds cited Brexit and its related challenges as a central reason in his decision to sell his stake.
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