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Lakeland Dairies company logo
Corporation
FOOD & BEVERAGES | Dairy products
lakeland.ie

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Partners & Customers

2

About Lakeland Dairies

Lakeland Dairies, a dairy processing co-operative, operates within area across the northern half of the island of Ireland. The group processes milk into a range of value added dairy foodservice products and functional dairy food ingredients.

Lakeland Dairies Headquarter Location

Killeshandra

Co. Cavan, H12 V273,

Ireland

+353 049-436-4200

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Latest Lakeland Dairies News

Lakeland Dairies increases milk price for August

Sep 13, 2021

Lakeland Dairies increases milk price for August The board of Lakeland Dairies has increased the co-operative’s milk price for August. In the Republic of Ireland, Lakeland Dairies has increased its base milk price for August by 0.5c/L to 36.5c/L, including VAT, for milk at 3.6% fat and 3.3% protein. In Northern Ireland, Lakeland Dairies has increased its milk price for August by 0.3p/L to 29.5p/L. According to the co-op, there continues to be a reasonable level of balance between supply and demand in the global dairy markets at present, with some fluctuations due to the effects of the ongoing pandemic. Lakeland Dairies says it will continue to monitor the mar­ket closely in the coming weeks. Global milk price Last week, the Global Dairy Trade (GDT) index recorded a strong second lift in index, marking back-to-back increases in its latest auction, following on from eight consecutive index falls. The most recent tender – event 291 – concluded onTuesday, September 7, with the GDT Price Index up 4%. Lasting two hours and 21 minutes, the event saw 187 participating bidders take part across 16 bidding rounds, with 114 winning bidders emerging. Advertisement A total of 25,093MT of product was sold on the day. In what was a strong performance across the board for all products offered on the day, skim milk powder (SMP) saw the largest increase in index, rising by 7.3%, with lactose just behind, lifting by 6.4%. Butter and cheese also saw index increases of 3.7% and 3.6% respectively, with whole milk powder (WMP) and anhydrous milk fat (AMF) on the up as well, by 3.3% and 3.1% in index respectively. Finally, butter milk powder (BMP) lifted by a round 3%. Each month Agriland Media in association with the Irish Creamery Milk Suppliers’ Association (ICMSA) publishes a Milk Price Tracker. It details milk prices from the most significant Irish dairy co-ops for each month of the year. July’s Milk Price Tracker can be view by clicking here .

Lakeland Dairies Acquisitions

2 Acquisitions

Lakeland Dairies acquired 2 companies. Their latest acquisition was LacPatrick Dairies on June 28, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/28/2018

Merger

9

5/3/2016

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$99M

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10

Date

6/28/2018

5/3/2016

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Merger

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Sources

9

10

Lakeland Dairies Partners & Customers

2 Partners and customers

Lakeland Dairies has 2 strategic partners and customers. Lakeland Dairies recently partnered with Diamond Crystal Brands on May 5, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

5/21/2019

Partner

Diamond Crystal Brands

United States

Diamond Crystal Brands : Introduces Clean Label Creamers

Diamond Crystal Brands , an industry leader in food , beverage and portion control packaging solutions in foodservice , partnered with Lakeland Dairies in December 2017 to distribute Milk In A Stick in foodservice in the U.S. Based in historic Savannah , GA> , Diamond Crystal Brands is a premier company specializing in right-size packaging , wet and dry-blended products and custom printing .

1

8/6/2015

Partner

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10

Date

5/21/2019

8/6/2015

Type

Partner

Partner

Business Partner

Diamond Crystal Brands

Country

United States

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News Snippet

Diamond Crystal Brands : Introduces Clean Label Creamers

Diamond Crystal Brands , an industry leader in food , beverage and portion control packaging solutions in foodservice , partnered with Lakeland Dairies in December 2017 to distribute Milk In A Stick in foodservice in the U.S. Based in historic Savannah , GA> , Diamond Crystal Brands is a premier company specializing in right-size packaging , wet and dry-blended products and custom printing .

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Sources

1

10

Lakeland Dairies Team

1 Team Member

Lakeland Dairies has 1 team member, including current Chief Executive Officer, Michael Hanley.

Name

Work History

Title

Status

Michael Hanley

Chief Executive Officer

Current

Name

Michael Hanley

Work History

Title

Chief Executive Officer

Status

Current

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