Irish food group Glanbia today (Wednesday) confirmed that it had received approval from the Irish competition authority to operate the CMP liquid milk, cream and juice branded business of Dairygold Co-operative Society Limited.
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Glanbia announced on 2 February that it was to buy CMP for €10.05m (US$13.1m), subject to the competition authority’s approval.
The deal includes the relevant sales and distribution assets of CMP but excludes the production and chill facility. Under the new arrangement Dairygold’s 130 liquid milk suppliers will continue to supply Dairygold and Dairygold will sell the 6.15m gallon CMP liquid milk pool on to Glanbia.
