The country’s newest dairy co-op is on the market amid concerns about its long-term finances and ability to repay debt. The board of LacPatrick held an emergency meeting on Tuesday and then announced to suppliers that it was looking at all future options, including partnership, merger, joint venture or other opportunity. Chief executive Gabriel D’Arcy was due to be abroad in the US, but is understood to have attended Tuesday evening’s meeting. On Wednesday, farmer board members were assuring milk supplier neighbours that April milk payments would go out as normal in the coming days.
IFA dairy chair Tom Phelan has sought an urgent meeting with the co-op.
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The country’s newest dairy co-op is on the market amid concerns about its long-term finances and ability to repay debt. The board of LacPatrick held an emergency meeting on Tuesday and then announced to suppliers that it was looking at all future options, including partnership, merger, joint venture or other opportunity. Chief executive Gabriel D’Arcy was due to be abroad in the US, but is understood to have attended Tuesday evening’s meeting. On Wednesday, farmer board members were assuring milk supplier neighbours that April milk payments would go out as normal in the coming days.
IFA dairy chair Tom Phelan has sought an urgent meeting with the co-op.
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