IDB Completes €14m Investment in Production Facilities in Germany

Capacity Increased to Meet Consumer Demand for Kerrygold Products in the Region IDB CEO Kevin Lane and IDB Deutschland MD Gisbert Kuegler officially open Kerrygold’s expanded storage, packing and new product development facilities in Neukirchen, Germany at a ceremony marking the completion of a €14m investment in production infrastructure. The modernised facilities will be able … Continued

Irish Dairy Board Acquires Spanish Cheese Plant

Irish Dairy Board Acquires Spanish Cheese Plant & Enters into Long Term Supply Partnership with International Leading Pizza Chain Telepizza The Irish Dairy Board Cooperative (‘IDB’) is pleased to announce it has acquired the trade and assets of Telepizza subsidiary, Luxtor S.A., a Spanish pizza cheese and cheese blends plant.  The deal includes Luxtor’s long … Continued

Irish Dairy Board Acquires FoodTec UK

The Irish Dairy Board (‘IDB’) is pleased to announce its wholly owned subsidiary Adams Food Ingredients Limited (‘AFI’), has acquired the business and assets of FoodTec UK Limited (‘FoodTec’), a specialist ingredients business, from Dairy Crest for £1.2 million. AFI, located in Leek, is a food ingredient powder blending business which specialises in sourcing, formulating, … Continued

IDB 2013 FULL YEAR RESULTS

IDB REPORTS STRONG PERFORMANCE WITH EBIT UP 25% The Irish Dairy Board (“IDB”) today, Wednesday, 16 April 2014 published a review of its 2013 performance.  Turnover increased 5% to over €2.1 billion, with EBIT up 25% to €25.8 million. The IDB also announced details of a new €30 million investment that will create 50 new … Continued

Irish Dairy Board Secures Increased Bank Facilities to Support Dairy Industry Growth

The Irish Dairy Board (“IDB”) has secured a new five year syndicated bank facility of €420 million, replacing its existing three year €350 million syndicated bank facility. This new increased facility was significantly over-subscribed and provides IDB and the Irish dairy industry with significant funds to meet domestic expansion and international growth requirements as both … Continued

IDB Strengthens its Position in Key UK Cheese Market

The Irish Dairy Board (IDB) is pleased to announce that its wholly owned subsidiary, Adams Foods and First Milk, the UK dairy co-operative, have formally completed a long term, strategic cheese supply partnership. The strategic partnership further strengthens Adams Foods’ position as one of the UK’s leading suppliers of Irish and British cheese to major … Continued