Glanbia to take over CMP milk business

DAIRYGOLD is to exit liquid milk production as part of a major plan announced yesterday for the restructuring of its core multi-million euro turnover dairy processing business.

The main feature of the plan is that Glanbia will take over the CMP liquid milk, cream and juice branded business in Cork in a €10.5 million deal that is subject to Competition Authority approval.

Dairygold’s four Co Cork based milk manufacturing plants, in Mitchelstown (2), Mallow (1) and Mogeely (1), are being retained despite earlier indications that two or possibly three of them would be axed.