Kerry Dairy Ireland, the dairy processor located in the southwest of Ireland, is to be rebranded as Kinisla.
The new name is pronounced “Kin-eye-la” and was launched by An Taoiseach Micheál Martin at a special ceremony in Listowel, Co Kerry, on Monday morning.
According to Kinisla, the new name reflects the two defining aspects of the business: its people (farmers, farm families, innovators and employees) and the island of Ireland, especially the distinctive landscape of the southwest, where the business started and where the bulk of the 2,600 milk suppliers are located.
As with Kerry Dairy Ireland, Kinisla is a joint venture between Kerry Co-op, which retains its identity, and Kerry Group plc, with the co-op owning a 70% share and the plc retaining 30%.
By 2035, the co-op will have outright ownership of Kinisla, although the option exists for this full buyout to happen sooner.
The company also announced a new investment of €300m over the next five years in dairy processing facilities and the creation of 100 new jobs across the business.
Speaking at the launch, Kinisla chair James Tangney said: "This is a business that was built by farmers and is once again majority-owned by them and this shapes everything we do.
Kinisla truck, Listowel, Kerry
“The investment we are committing to over the next five years is about building a business that delivers on milk price, sustainability and long-term growth.
“Kinisla is the identity under which we will successfully build that future for our farmers and the communities connected to them."
Listen here to the audio:
Kerry Dairy Ireland, the dairy processor located in the southwest of Ireland, is to be rebranded as Kinisla.
The new name is pronounced “Kin-eye-la” and was launched by An Taoiseach Micheál Martin at a special ceremony in Listowel, Co Kerry, on Monday morning.
According to Kinisla, the new name reflects the two defining aspects of the business: its people (farmers, farm families, innovators and employees) and the island of Ireland, especially the distinctive landscape of the southwest, where the business started and where the bulk of the 2,600 milk suppliers are located.
As with Kerry Dairy Ireland, Kinisla is a joint venture between Kerry Co-op, which retains its identity, and Kerry Group plc, with the co-op owning a 70% share and the plc retaining 30%.
By 2035, the co-op will have outright ownership of Kinisla, although the option exists for this full buyout to happen sooner.
The company also announced a new investment of €300m over the next five years in dairy processing facilities and the creation of 100 new jobs across the business.
Speaking at the launch, Kinisla chair James Tangney said: "This is a business that was built by farmers and is once again majority-owned by them and this shapes everything we do.
Kinisla truck, Listowel, Kerry
“The investment we are committing to over the next five years is about building a business that delivers on milk price, sustainability and long-term growth.
“Kinisla is the identity under which we will successfully build that future for our farmers and the communities connected to them."
Listen here to the audio:
SHARING OPTIONS