Lakeland Dairies and Fane Valley link up and could consider full merger

Dairy processing and agribusiness co-operatives — Fane Valley and Lakeland Dairies — yesterday announced two major new joint ventures with projected annual revenues of €845m.

Fane Valley, based in Banbridge, Co Down, and Lakeland Dairies, with group head offices in Killeshandra, Co Cavan, said the move will enhance their economies of scale and overall competitiveness.

Two specific joint venture companies will be established covering two lines of business which will benefit from the merged resources.