Shareholders to vote on move at the end of the month.
Sligo News File
Lakeland and LacPatrick dairies are about to merge, according to BBC Northern Ireland.
It’s reported that the move is being backed by the boards of both co-operatives with the proposal now set to be placed before shareholders for a vote at the end of
A final decision will be subject to regulatory approval.
The proposed new co-operative would trade under the name Lakeland Dairies.
Billion euro turnover
If approved, the merger, says the broadcaster, would make the operation Ireland’s second largest dairy co-operative, with a supplier base of more than 3,000 dairy farmers, and a combined annual turnover of over €1 billion.
According to a report by Shannonside FM News, former president of the ICMSA Pat O’Rourke has meanwhile stated that he believes the proposed merger makes perfect sense. O’Rourke, says the report, also believes that it’s only a matter of time before Aurivo and Lakeland will merge.