Glanbia Plc has sold Glanbia Plc (Dairy Ireland) to Glanbia Co-operative Society Ltd
Glanbia Plc has sold a 60% stake in Glanbia Plc (Dairy Ireland) to Glanbia Co-operative Society Limited for US$401 million.
Glanbia Plc (Dairy Ireland) is comprised of two businesses. Consumer Products is the leading supplier of branded consumer dairy products to the Irish market and long-life products for export. Agribusiness supplies inputs to the Irish agriculture sector and is the leading purchaser and processor of grain and the leading manufacturer of branded animal feed in Ireland.
Glanbia Co-operative Society is Ireland’s number one dairy co-operative. The group is focused on value creation by supporting its investments in Glanbia plc and Glanbia Ingredients Ireland (GII), and value distribution, through support for members and a progressive dividend policy. The two main assets of the society are a 36.5% shareholding in global nutrition group, Glanbia plc, and a 60% shareholding in Glanbia Ingredients Ireland (GII), which is Ireland’s leading dairy processor.
Glanbia Plc is a global nutrition company, grounded in science and nature and dedicated to providing better nutrition for every step of life’s journey. The group employs over 6,000 people across 32 countries and its products are sold and distributed in over 130 countries, with an annual turnover of US$4.2 billion. Its major production facilities are located in Ireland, the US, the UK, Germany and China. Glanbia consists of three segments; Glanbia Performance Nutrition, Glanbia Nutritionals and Joint Ventures & Associates. The company's shares are listed on the Irish and London Stock Exchanges (symbol: GLB).
Oaklins' team in Ireland advised the seller in this transaction.
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