IRELAND – Kerry group has announced today that it is to sell its Bailieboro milk processing business.

The company has sold the company, which is made up of the former Bailieboro and Westmeath co-operatives, to Lakeland Dairies for 33 million euro.

In a statement, Kerry said that bringing the Bailieboro and Lakeland businesses together provides a good opportunity to increase efficiency in the dairy industry in northeast Ireland.

Kerry acquired Bailieboro in October last year when it bought Golden Vale.