Glanbia plans major US investment

GLANBIA plans to take a 50% stake in the development of a €150 million cheese and whey products factory in Texas which will process over one billion litres of milk a year.

The move should make Glanbia the biggest producer of American-style cheeses in the US by 2008, with 16% of the market.

Glanbia announced yesterday that it is in advanced negotiations with Select Milk Producers Inc and Dairy Farmers of America (DFA) the largest dairy co-operative in the US to build a 150m cheese and whey products facility in the western Texas/New Mexico region.