LACPATRICK MERGER WITH LAKELAND APPROVED

7 March 2019 No Comments by The Northern Standard

Michael Fisher

Farmers’ representatives in Co. Monaghan have generally welcomed the approval given by the statutory authorities for the proposed merger between Monaghan-based Lacpatrick Dairies and Lakeland Dairies from Co. Cavan. Because both co-operatives have extensive operations north of the border, the plan approved by shareholders last October needed to be considered by the Irish Competition and Consumer Protection Commission and the UK Competition and Markets Authority.

The new entity will be called Lakeland Dairies Co-Operative Society Limited. It will be the second largest dairy processor on the island of Ireland with a crossborder milk pool of 1.8bn litres, produced by 3,200 farms from fifteen counties. A number of standard legal and administrative procedures will now be completed to enable the new Lakeland to begin trading at the end of March. Until then, the two co-operativess will continue to operate independently, with each setting its own milk price.

IFA Co. Monaghan Chairman Frank Brady said it was important the Monaghan plant that processes Champion brand milk, butter and yoghurt…

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