€15m windfall from Ornua for Irish milk processors

A €15m windfall for Ireland’s dairy processors follows Ornua’s recent successful disposal of DPI Specialty Foods.

Ornua sold a majority stake in DPI, a US speciality foods distribution business, to Arbor Investments in December 2015, and has announced it will pay an additional cash bonus of €15m to its member suppliers, funded from Ornua’s gain on that disposal.

This additional cash bonus will be paid in April/May 2016 and will be in addition to the normal annual cash bonus paid to its dairy processor member suppliers by the former Irish Dairy Board.