Kerry: Co-op takeover speculation

KERRY Group yesterday described a report that it is considering making a bid for Newmarket Co-op as purely speculative.

However, a spokesman for the food giant did confirm that it has a very close working relationship with the Co Cork society which has an eight million gallon milk pool.

Newmarket, which has a highly efficient cheese plant withcapacity to process some 60 million gallons of milk, declined to comment on the report, published in the Irish Farmers Journal.