Numico plans outsourcing part of its base milk powder production
Signs an agreement to outsource the production of its plant in Macroom (Ireland) to Dairygold Co-Operative Society Ltd.
29/03/06 Royal Numico N.V. announces that it has signed an agreement to outsource the production of its base milk powder production of its plant in Macroom (Ireland) to Dairygold Co-Operative Society Ltd.
The partial outsourcing of the production of this ingredient enables Numico to further focus its production platform on higher value-added ingredients and production technologies while simultaneously ensuring the desired quality and food safety standards of the outsourced production. Under the agreement, Dairygold will acquire the manufacturing plant in Macroom (Ireland) - including the transfer of all employees - and will enter into a long-term contract arrangement to manufacture and supply base milk powder to Numico.
The transaction is expected to be completed in the fourth quarter of 2006.
Dairygold Co-Operative Society Ltd. is Ireland's largest farmer owned food company and multi-purpose agribusiness. Its range of business includes among others dairy processing, liquid milk production. Dairygold employs approximately 2,000 people and has an annual turnover in excess of EUR 870 million.
Royal Numico is a high-growth, high-margin specialised nutrition company with leading positions in Baby Food and Clinical Nutrition and brings products to the market under the brand names Nutricia, Milupa, Cow & Gate, Mellin and Dumex, among others. The company serves customers in over 100 countries and employs approx. 13,500 people.
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