Watchdog clears €10m CMP sale to Glanbia

GLANBIA’S proposed deal to buy CMP liquid milk, cream and juice business from Dairygold Co-Op has ben cleared by the Competition Authority.

The agreement is worth just over €10 million to the North Cork-based dairy, which published results for 2004 yesterday that showed substantial losses for the second year running.

Glanbia announced the deal in early February, resulting in the loss of 100 jobs at Dairygold’s CMP plants.