IDB acquires The Cheese Warehouse

The Irish Dairy Board (IDB) has acquired The Cheese Warehouse, a UK based cheese ingredients company. This strategic acquisition will further strengthen the IDB’s position in the UK food ingredients and food service sectors, a key market for Irish dairy exports. Established in 2004, The Cheese Warehouse operates from well invested facilities in North Shropshire … Continued

IDB announces intention to sell Belgian cheese subsidiary

The Irish Dairy Board (IDB) announced today that it has entered into an agreement to sell its Belgian continental cheese packing operation, IDB Belgium N.V. to Royal FrieslandCampina N.V.. IDB Belgium N.V. operates from Genk in Belgium and has a turnover of about €100m for the year ended 31 December 2011. The transaction which is … Continued

2011 Full Year Results

Significant progress as IDB gears up for 2015 Record sales of Kerrygold as it enters its 50th Year Financial Highlights Key Performance Indicator Outturn ‘€’ YoY Change Revenue1 €2b +5.2% Profit before Tax €20.9m +29.1% Operating surplus (EBITA)1 €24.1m (2.1%) Payout to Members €12.9m +9.3% Net Assets €408.2m +€5.3m / +1.3% CAPEX and acquisitions investment … Continued

IDB appoints Global Marketing & Innovation Director

The Irish Dairy Board (IDB) is pleased to announce the appointment of Mr. Fergal McGarry as Global Marketing & Innovation Director. Mr. McGarry joins the IDB from Johnson & Johnson where he held the position of Business Unit Director EMEA (Europe, Middle East & Africa). Since he joined Johnson & Johnson in 1995, he has … Continued

IDB secures additional €100 million for dairy expansion

The Irish Dairy Board (IDB) has completed the re-financing of its existing €250m syndicated banking facility replacing it with a new three year syndicated bank loan facility of €350m at competitive pricing, to meet domestic expansion and international growth requirements. The participant Banks are; Allied Irish Banks, Bank of America Merrill Lynch, Barclays, HSBC, Ulster … Continued