Lakeland/Lacpatrick Merger

Zeebsisgone654

Looks like good news emerging about this merger going ahead

Nekarsulm

Be interesting to see which butter plant gets the bullet .....

coolshannagh28

Its a takeover dressed up as a merger.

Snowfire

Second worse milk price payer, joining up with the worst...

Nekarsulm

coolshannagh28 wrote: »

Its a takeover dressed up as a merger.

Most are.

whelan2

Snowfire wrote: »

Second worse milk price payer, joining up with the worst...

Will be interesting to see the milk price going forward, Lakelands have paid well this year, I assume this was only a stop gap measure until the deal was done?

freedominacup

coolshannagh28 wrote: »

Its a takeover dressed up as a merger.

Whete the real costs will be addressed by screwing suppliers. Watch this space. Try and get executive pay linked to milk price as an amendment to the merger agreement.

_Brian

Nekarsulm wrote: »

Be interesting to see which butter plant gets the bullet .....

Surely not Killeshandra??
The town is on its knees as it is.

Nekarsulm

_Brian wrote: »

Surely not Killeshandra??
The town is on its knees as it is.

Depends whose plant is newer/has capacity/needs investment.
But Killeshandra butter plant producing for a lot of UK contracts, trying to change to Coolshannagh mightn't mean keeping those contracts.

coolshannagh28

Nekarsulm wrote: »

Depends whose plant is newer/has capacity/needs investment.
But Killeshandra butter plant producing for a lot of UK contracts, trying to change to Coolshannagh mightn't mean keeping those contracts.

The plant in Monaghan is obselete

Nekarsulm

coolshannagh28 wrote: »

The plant in Monaghan is obselete

Not good news for the workers there, then.

The Lough Eigish merger which got L-lands a Northern Ireland base of operations also saw the feed mill in K'andra close, and its now demolished.
The new SMP plant in Bailieboro also marks the move of infrastructure eastwards.

coolshannagh28

Town of Monaghan spent years building a cash pile then blew it in a couple of years trying to catch up their infrastructure , they are paying the price now.

tanko

coolshannagh28 wrote: »

Town of Monaghan spent years building a cash pile then blew it in a couple of years trying to catch up their infrastructure , they are paying the price now.

About 20 years ago i went to coolshannagh every month with work, always thought the place was a bit of a dump. Did they spend any money on it since?
That site must be worth a fortune, a lot of houses could be built there and send the milk to Bailieboro

coolshannagh28

tanko wrote: »

About 20 years ago i went to coolshannagh every month with work, always thought the place was a bit of a dump. Did they spend any money on it since?
That site must be worth a fortune, a lot of houses could be built there and send the milk to Bailieboro

Id say that's the plan.

greenfield21

Was there a vote on this? Do lakeland not just want the plant in the north so they can split operations after brexit etc.

Nekarsulm

greenfield21 wrote: »

Was there a vote on this? Do lakeland not just want the plant in the north so they can split operations after brexit etc.

LeckPatrick in the north were Liquid milk producers mainly, as far as I know.
Lakelands already has Prichards Foods in Newtownards as a result of the Lough Eigish merger.

Notice out today of a Special General Meeting to be held 23rd October next, for the purpose of forming a new Society, comprising of LecPatrick and Lakelands.
To be called Lakeland Dairies Cooperative society ltd.

Zeebsisgone654

Great that their was enormous support for the merger , hopefully the beginning of large scale consolidation of the industry

Mooooo

Be interesting what way brexit will effect this. A lot of the milk in the north is more fluid in terms of supply arrangements if I'm not mistaken?

Nekarsulm

Havent really looked into the logistics, but if Brexit bit hard, Lakeland (as it exists now) would have extra processing capacity for the existing Northern suppliers.
They wouldnt need to he hauling all the loads south to Killeshandra from Fermanagh,Armagh and Tyrone that they do at the moment.
Especially if queues became a reality at checkpoints.
Bring the Monaghan milk to B'Boro or Killeshandra instead.

greenfield21

Nekarsulm wrote: »

Havent really looked into the logistics, but if Brexit bit hard, Lakeland (as it exists now) would have extra processing capacity for the existing Northern suppliers.
They wouldnt need to he hauling all the loads south to Killeshandra from Fermanagh,Armagh and Tyrone that they do at the moment.
Especially if queues became a reality at checkpoints.
Bring the Monaghan milk to B'Boro or Killeshandra instead.

How does the finished product get from bboro to the UK though. Lots of opportunity's in the north. The only positive for southern suppliers is lac Patrick may have had other markets with potential like the middle east etc. If I'm not mistaken.

Nekarsulm

greenfield21 wrote: »

How does the finished product get from bboro to the UK though. Lots of opportunity's in the north. The only positive for southern suppliers is lac Patrick may have had other markets with potential like the middle east etc. If I'm not mistaken.

Well after processing, the finished product is a lot more compact.
Fifteen tanker loads of milk will probably fit into a single lorry load of butter.
Lot of caesin used in the Pharma industry, a few years ago most of Killeshandra's output was going to Mexico for their pharma industry. Mind you, that probably ships from UK ports, or at least passes through the UK for Europort/Antwerp/Rotterdam or wherever.

Zeebsisgone654

New entity will need to get its suppliers signed up to MSA , lads jumping around is a farce and difficult to plan for expansion or know will they have need for extra facilities in the future

alps

Nekarsulm wrote: »

Well after processing, the finished product is a lot more compact.
Fifteen tanker loads of milk will probably fit into a single lorry load of butter.
Lot of caesin used in the Pharma industry, a few years ago most of Killeshandra's output was going to Mexico for their pharma industry. Mind you, that probably ships from UK ports, or at least passes through the UK for Europort/Antwerp/Rotterdam or wherever.

60% of road freight from NI to UK now goes through Dublin Port. It's much more convenient than going out through Scotland....motorway to Dublin, and dual carriageway all the way to the M6 in England...

Any container traffic routed through Europort to various parts of the world would be put on in Dublin. Dublin, Cork and Waterford are the big container traffic ports in the South with daily and multiple daily connections to Rotterdam and Antwerp.

More RORo ships being put on Europe direct routes. Brittany Ferries new route this year from Cork to Spain, and an extra ferry on the Cork Roscoff route. Irish Ferries waiting on a new vessel to add to their Rosslare Cherbourg route and a company CLdN have started a Dublin Zeebruge route, think it's twice a week...

tanko

I wonder how long it will be until Lakeland and Glanbia merge?

Zeebsisgone654

Probably happen once Glanbia co op buys out the plcs 40 percent in Glanbia Ireland