Glanbia joint venture proposals win strong support among agri-groups

Milk industry and farmer groups have voiced strong support for Glanbia’s joint venture proposal, which would give Glanbia Co-op shareholders majority ownership of future milk processing.

The co-op umbrella group ICOS, along with the principal farmer groups IFA and ICMSA have all endorsed the 60:40 joint venture deal following a series of well attended meetings with members.

Glanbia co-op members will vote on Nov 13 on the proposals by Glanbia whether or not to create Dairy Ingredients Ireland, which will then become a joint venture, Glanbia Ingredients Ireland, which will focus on preparing for the abolition of milk quotas in 2015.