SWS deal with IAWS moves step closer

OWNERS of South Western Services of Bandon, Co Cork, and the board of SWS met yesterday afternoon to discuss the on/off merger with IAWS Co-op.

This follows last week’s disclosure that IAWS Co-op would fork out a total of €45 million to Dairygold, Bandon, Drinagh, Lisavaird and Barryroe co-ops once the merger deal is completed.

Under the terms, Dairygold would be paid cash of 25m while the West Cork societies would share €20m between them.