Dairygold vice-chairman, Gerard O’Dwyer; Vita Actives CEO, Deepak Sharma; Dairygold chairman, Sean O’Brien; Dairygold Health and Nutrition general manager, George Mac Leod, and Dairygold CEO Conor Galvin.
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Dairygold announced it has taken a majority stake in Vita Actives, a supplier of nutraceutical ingredients to customers around the world. While no details of the deal were revealed, Vita Actives reported a full-year operating profit of €6.08m on a turnover of €29.7m for the year ending 31 August 2022.
Currency CEO of Vita Actives, Deepak Sharma, will continue in his role and report directly to George MacLeod, general manager of Dairygold Health & Nutrition. Dairygold said that Vita Active’s strong relationships with a significant number of third-party nutritional product manufacturers gives the co-op an established entry-point to that market.
Dairygold said it has developed a five-year plan with Vita Actives to both maintain the existing business and to drive a growth agenda facilitated by Dairygold’s resources and experience. Sharma will be integral to achieving the agreed growth plans, the co-op said.
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Dairygold were advised in the deal by Deloitte and Arthur Cox.
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Dairygold announced it has taken a majority stake in Vita Actives, a supplier of nutraceutical ingredients to customers around the world. While no details of the deal were revealed, Vita Actives reported a full-year operating profit of €6.08m on a turnover of €29.7m for the year ending 31 August 2022.
Currency CEO of Vita Actives, Deepak Sharma, will continue in his role and report directly to George MacLeod, general manager of Dairygold Health & Nutrition. Dairygold said that Vita Active’s strong relationships with a significant number of third-party nutritional product manufacturers gives the co-op an established entry-point to that market.
Dairygold said it has developed a five-year plan with Vita Actives to both maintain the existing business and to drive a growth agenda facilitated by Dairygold’s resources and experience. Sharma will be integral to achieving the agreed growth plans, the co-op said.
Dairygold were advised in the deal by Deloitte and Arthur Cox.
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