Glanbia milk-processing plan worth backing

Two years ago, Glanbia plc attempted to offload its dairy-processing assets to Glanbia Co-op.

That initiative failed by a narrow margin. Now, shareholders are again being asked to vote on a proposal that will give the co-op control of bulk dairy processing in Ireland, while creating a platform for investment in new capacity needed when milk quotas are abolished in 2015.

For the sake of clarity, I have no relationship with any part of the Glanbia Group and I am not beholden to any of the stakeholders involved in this debate.