Glanbia signs JV with Corman

05/07/05 Glanbia has signed a joint venture agreement with Belgian group Corman to manufacture and market dairy spreads and butterfat products. The company will operate as Corman Miloko Ireland Limited and involves an initial investment of €5m, rising to more than €10m over time.

The deal involves the transfer of a Glanbia-owned factory in Carrick-on-Suir, Co Tipperary, into Corman Miloko, as well as the Irish group’s existing butteroil equipment at its plant in Ballyragget, Co Kilkenny. The move secures 40 jobs at the Carrick-on-Suir facility.

http://www.timesonline.co.uk/article/0,,2095-1678376,00.html