Friday November 22, 2019

Dairygold to press ahead with €500m Kerrygold spin-out proposal

Cork firm still hopeful of realising ambitious strategy to create company owned by dairy co-ops and milk farmers

By Ian Guider

Markets Editor

@ianguider
1st September, 2019

Bord Bia, the Irish Farmers Association, the National Dairy Council and the Irish Creamery Milk Suppliers Association support the Meat and Dairy Facts campaign

A plan to create a €500 million unlisted company owned by dairy co-operatives and milk farmers is still being pursued after the initiative failed to secure the approval of Kerrygold owner Ornua.

Earlier this year, Cork-based Dairygold raised the prospect that the co-operatives and farmers who supply milk to Ornua would establish a stand-alone company that would allow them to value their stake in the business.

The Irish Farmers Journal last week reported that prospect...

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