Glanbia, the international nutritional ingredients and cheese group, is expanding its Irish dairy business with the acquisition of the Limerick-based Dawn liquid milk business from Kerry Group in a deal believed to be worth about Eur10m. Glanbia will take control of the Limerick plant, which employs about 160 people, and the Dawn Milk and Golden Vale brands.
The deal, which is subject to approval from the Competition Authority, is in line with Glanbia’s strategy of developing its consumer foods business in Ireland. It also reflects Kerry’s scaling down of its Irish liquid milk business. Last year, Kerry sold its Dawn Galway liquid milk business to Arrabawn, the Irish dairy co-operative.