Glanbia move on British market

GLANBIA plc and Milk Link are to form a joint venture company to serve the British cheese market.

It is to be called Cheese Company Holdings (CCH) and will be 75% owned by Milk Link and 25% by Glanbia plc.

Milk Link is owned by some 2,400 British dairy farmers who produce around 10% of the UK’s annual milk capacity (1.4 billion litres.)