Glanbia Co-op completed the acquisition of the remaining 40% stake in Glanbia Ireland from Glanbia for $328m.

Glanbia Co-op, a dairy co-operative, completed the acquisition of the remaining 40% stake in Glanbia Ireland, an agri-food and nutrition company, from Glanbia, a nutrition group for $328m. “Today’s announcement represents the next stage of our transformation journey following many years of successful collaboration with Glanbia Co-op as joint venture partners in Glanbia Ireland. If approved, the Proposed Transaction will continue the alignment of our portfolio to our strategy, which is focused on driving growth through our market leading positions as a brand owner and ingredient solutions provider, playing into strong underlying consumer health and wellness trends. We expect to deploy the capital received from the Proposed Transaction in investment to drive further growth and to return capital to shareholders,” Siobhan Talbot, Glanbia Managing Director.