McCann FitzGerald advises Connacht Gold on €20.9 million acquisition of Donegal Creameries' store businesses
13 January 2012
We advised Connacht Gold Co-op on its acquisition of the milk and retail store businesses of Donegal Creameries plc. Connacht Gold Co-Op, which has its headquarters in Tubbercurry, Co. Sligo, is a large, multi-purpose co-operative. Its activities include dairy processing, consumer foods, feed milling, retail stores, livestock marketing, and timber sawmilling. As a result of the acquisition, which involves the Donegal Creameries 120m litres milk pool, the liquid milk processing facility at Killygordon and 11 retail stores, Connacht Gold has a total milk pool of 370m litres and is the leading specialist producer in the Irish market. The acquisition also increased the number of Connacht Gold retail and agri-business stores to 41 across eight counties in the Republic as well as Fermanagh and Tyrone in Northern Ireland. The transaction closed following receipt of mergers clearance on 13 January 2012.