LacPatrick – a newly merged company
Ballyrashane Creamery, a Northern Ireland based dairy co-operative, has merged with Town of Monaghan Co-op in the Republic of Ireland to form LacPatrick.
Ballyrashane is a supplier of milk and butter to leading retailers such as Marks and Spencer and also exports Regato cheese to European markets. The new merged company has confirmed plans for “significant new investment” as part of its growth strategy.
LacPatrick will be led by a new board of directors and a new management team headed up by Gabriel D’Arcy and Nigel Kemps – the former chief executives of Town of Monaghan and Ballyrashane respectively. D’Arcy will be chief executive, with Kemps appointed as deputy chief executive.
The newly merged company will have a combined turnover of £260 million and employs a workforce of 300. It will officially commence trading on 1 September 2015.
