Glanbia Co-op to rebrand as part of buy-out

Should the deal be given the go-ahead, Glanbia Co-op will pay €307m to acquire Glanbia plc’s 40% shareholding in Glanbia Ireland

Glanbia Co-Op is proposing to buy out Glanbia plc’s 40% share in Glanbia Ireland.

One of Ireland’s best-known dairy co-operatives is to rebrand as part of its proposals to take sole ownership of Glanbia Ireland.

Glanbia Ireland, Ireland’s largest dairy processor, operates as a strategic joint venture, 60% owned by Glanbia Co-op and 40% owned by Glanbia plc. However, the co-op will buy out Glanbia plc’s holding in the firm.