ICMSA chief backs Glanbia milk sale

Limerick: The president of ICMSA has issued a ‘yes’ recommendation to his members involved in the sale of Glanbia’s milk processing and agribusiness operations to Glanbia Co-op on the grounds that on balance the offer is potentially better than the present arrangements within Glanbia.

Jackie Cahill said ICMSA had carefully examined the proposal and the association was confident on a number of grounds that the interests of farmers lay with the purchase by the co-op of the business on the terms outlined.

However, Mr Cahill stressed that farmers would be demanding that the co-op would have to be more aware of, and sensitive to, farmers’ needs: “It will have to be a real farmers’ Co-op and not pretending to be something else.”