Irish food companies take the cake in US

IN less than a fortnight, two Irish food companies, at different ends of the food chain, have announced major developments in the United States, which is a major driver of trends in the global food market.

Glanbia, the Kilkenny based Irish dairy processor, opened its $200 million (€159.3m) dairy processing plant in Clovis, New Mexico, on October 6, while this week IAWS tied up a $561m (€397m) takeover of Otis Spunkmeyer, a leading company in the US sweet baked products sector.

These developments signal significant moves forward for both camps, with each having sizeable slices of their respective markets.