Companies Milk to mead: Brewers ‘will bid’ for Lakeland Dairies unwanted processing facilitiesThe chief executive of the Cavan-based dairy company said he expects microbreweries will vie for the co-op’s milk processing site in Monaghan town
Companies Lakeland Dairies reports sharp fall in profits for 2023 after dairy commodity prices plungedCavan-based dairy co-op booked a once-off €14.5 million impairment charge after announcing major restructuring plans last year
Agribusiness Lakeland Dairies targets €100m in foreign M&A as climate targets bite growth The Cavan-based farmer co-op plans to rationalise its Irish processing facilities while also buying higher-margin business in international markets
News Lakeland Dairies completes acquisition of Belgian butterfat business in ‘show of strength’The Cavan-based dairy co-op is buying out De Brandt to expand their geographical reach and product portfolio
Companies Former Kerrygold senior executive takes up role with US food ingredients companyIarlaith Smyth, the former president of Ornua Foods North America, has left the company to take over as chief executive of Henry Broch Foods
Agribusiness Lakeland Dairies to close three facilities and shed 78 jobs as part of business restructuringThe Cavan-headquartered dairy co-op said it was closing three facilities as part of a rationalisation process to “future-proof” the business
Big Read Inside story: Ornua executive exodus puts future of Kerrygold back on the tableResignations focus attention on the future of Ornua and its iconic Kerrygold butter brand
Inflation Dairy bosses warn food inflation won’t ease this year Chief executives of Dairygold and Lakeland Dairies say any drop will take months to work through supply system to affect shelf prices
Markets Lorcan Allen’s Stock Take: Food prices to remain high for some time due to energy costsDairygold and Lakeland last week revealed just how severely the surge in the price of thermal energy has affected their businesses
Markets Rapid fall in farmgate milk prices could see drop in production, dairy boss warns Costs still ‘astronomical’ for farmers while milk prices could fall to 35 cent a litre, warns Lakeland chief
Agriculture Profits at Cavan-based Lakeland Dairies rise to €32.5m after record dairy prices The farmer owned dairy co-op processed almost 2 billion litres of milk last year and exported around 280,000 tons of dairy ingredients to global markets
Lakeland to penalise dairy farmers who keep growing herdsA&B pricing system, designed to discourage growth in milk production, will be introduced here by Co Cavan co-op from 2023
Lakeland Dairies reports double-digit growth in sales and profits for 2021The farmer owned dairy co-op processed almost 2 billion litres of milk last year and exported more than 280,000 tons of dairy ingredients to global markets.
Lakeland Dairies reports double-digit growth in profitsThe farmer owned dairy co-op recorded a 27 per cent increase in operating profits in 2020 despite the challenges created by the pandemic