Page 20 - Dairy Processing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Milk Lorries queueing for the intake bays at Kerry Foods Charleville plant.\ Donal O' Leary The board of Kerry Co-op will hold a crucial meeting on Wednesday 20 January to decide whether or not it will submit a €480m offer to Kerry Group plc for a 60% majority stake in its primary dairy business. Speculation is rife in Kerry farming circles that the co-op will formally submit a €480m offer to buy 60% of Kerry Group’s dairy business this week, which would value the entire business outright at €800m. Kerry Group’s primary dairy business is understood to have annual sales of €1.2b...

SHARING OPTIONS: Kerry Group CEO Edmond Scanlon has told the board of Kerry Co-op that time is running out to agree a deal. \ Philip Doyle We’re now almost halfway through January but little progress has been made between Kerry Co-op and Kerry Group on negotiations to form a new joint venture dairy processing business. Board directors in Kerry Co-op had hoped to hold a virtual meeting this week with either Edmond Scanlon or Gavin Caplis from Kerry Group to discuss the contentious “leading milk price” issue. However, it’s understood this meeting w...