Farmers take majority control of largest Irish milk processor

Farmers will take majority control of Ireland’s largest dairy ingredients processor this week, following Glanbia Plc’s approval of the purchase of some 60% of its Dairy Ingredients Ireland company by Glanbia Co-op.

A majority in favour was required at last Tuesday’s extraordinary general meeting of the plc, following last week’s 71% approval by Glanbia Co-op shareholders of the formation of the Glanbia Ingredients Ireland (GII) joint venture.

A second Glanbia Co-op special general meeting and vote will take place on Wednesday, Nov 28, at Gowran Park Racecourse in Co Kilkenny.