Farmers vote to increase stake in creamery

A CO-OP of 350 dairy farmers has agreed to take control of Wexford Creamery from Dairy Crest at a cost of €9 million.

The transaction was approved by an overwhelming majority vote of 89% of farmer members at a meeting in Wexford.

It increases Wexford Milk Producers’ (WMP) share-holding in the creamery from 20% to 70% and reduces Dairy Crest’s share-holding from 80% to 30%.