Commenting on the decision of Lakeland and LacPatrick suppliers to endorse the merger proposal to form the new Lakeland Dairies, the President of ICMSA welcomed the decision of the shareholders and wished the new entity – now one of the largest milk processors in the country – success and good fortune.
Pat McCormack said that farmers will judge the new entity on its commitment to paying its farmer-suppliers a strong, competitive milk price and he hoped that the relevant competition regulators will approve the merger as quickly as possible enabling the management and Board to begin delivering the efficiencies and benefits of the merger to their farmer-suppliers as quickly as possible. “The new merged entity has all our best wishes, but they must know that we will expect that the farmers supplying the milk – on which the whole commercial operation is based – will be paid a competitive price for that milk in a speedy and direct manner”, he concluded.
Ends 23 October 2018
Pat McCormack, 087-7608958
Cathal MacCarthy, 087-6168758
ICMSA Press Office