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Articles Tagged ‘kevin lane’

€2.5bn turnover for Ornua in 2015

Ornua turnover increases to €2.5bn in 2015

Ornua has published its full-year results for 2015, which shows a 9 per cent increase in turnover at €2.5 billion for the year. Its annual members' bonus increased by 17 per cent to €14 million, while an additional cash bonus of €15 also announced. This was declared from the gain on the disposal of a majority stake in Ornua’s US distribution business, DPI Specialty Foods, in late 2015. This brings the total bonus for the period to €29 million.

Ornua to acquire UK cheese business

 Ornua has announced that it will acquire a UK cheese business in the latest in a series of investments. Ireland’s largest exporter of Irish dairy products has signed an agreement to acquire F.J. Need (Foods) Limited, a Cheshire-based cheese ingredients company. Established over 40 years ago, the family run cheese company includes a cheese cutting, grating and slicing facility, two cheese brands and a distribution fleet.