Lakeland Dairies

Lakeland Dairies Group is an Irish dairy co-operative based in County Cavan, Ireland. It operates across sixteen counties in both Ireland and Northern Ireland. Lakeland Dairies processes roughly 1.85 billion litres of milk annually from 3,200 suppliers making it Ireland's second largest dairy co-operative, after Glanbia. Lakeland Dairies currently has dedicated operations in Ireland, the United Kingdom and the United States and exports to 80 countries worldwide.[2]

Lakeland Dairies Group
Cooperative
IndustryDairy
Founded1990
Headquarters
Cavan
,
Ireland
Area served
Global
Key people
Alosyius Duffy
(Chairman)
Michael G. Hanley
(CEO)[1]
Revenue €810.5 million (2018)
€33.6 million (2018)
€17.5 million (2018)
Number of employees
778
WebsiteLakeland.ie

Acquisitions
  • In 2003, Lakeland acquired UK food supplier L.E. Pritchitt & Company for €18.5 million.
  • Taste Trends Ltd, one of the UK's largest frozen yoghurt producers, was acquired by Lakeland for an undisclosed sum in 2015.
  • Following a series of agribusiness and dairy joint ventures between Lakeland and Fane Valley - a Northern Irish milk co-operative which produced over 250 million litres of milk annually - Lakeland acquired Fane Valley in early 2016. [3]
  • Lakeland and Monaghan-based LacPatrick Dairies agreed on a merger in 2018 following unanimous approval by both co-operatives' respective boards in May, and shareholders in October. In early 2019 the companies merged. Lakeland Dairies now has 3,200 milk suppliers with a collective pool of 1.8 billion litres of milk. The co-operative aims to generate €1 billion in revenue by 2021.

References
  1. Irish Independent New Chiefs Elected to Lakeland
  2. Irish Times Top 1000, Lakeland Dairies
  3. Lakeland Dairies 2017 Annual Report
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