Ion group in €200m takeover talks

ION Equity is in talks with Reox Holdings that could lead to the €200 million purchase of its consumer brands that include Galtee, Dairygold, Mitchelstown, Shaws and Calvita.

These became part of Reox which was formed out of Dairygold Co-operative last year.

None of those linked to the deal have commented publicly but Ion are engaged in early stage discussions with Reox that could lead to a deal, although that is not certain, according to sources. The brands are worth an estimated €200m.