Ornua acquires US cheese ingredients firm

By James Ridler contact

- Last updated on GMT

Ornua has acquired US cheese ingredients firm Whitehall Specialties
Ornua has acquired US cheese ingredients firm Whitehall Specialties

Related tags: Mergers and acquisitions, Dairy

Irish dairy cooperative Ornua has completed the acquisition of US cheese ingredients business Whitehall Specialties for an undisclosed sum.

Further extending Ornua’s presence in the continent, the acquisition will complement its US ingredient’s division, Ornua Ingredients North America (OINA) and will play a pivotal role in its long-term growth strategy in the US.

OINA’s production footprint has further expanded across six ‘well-invested’ facilities in Wisconsin, Minnesota and Pennsylvania.

Ten years of growth

According to Ornua chief executive John Jordan, the acquisition built on the strong growth the US ingredients division has delivered over the past 10 years.

“By bringing together two market leaders, in complementary parts of the ingredients sector, we are creating a powerful partnership that builds a strong foundation for a long-term, sustainable future,” ​Jordan added.

“We warmly welcome the Whitehall Specialties team and are looking forward to partnering with them as we look to our next stage of growth. Our combined business is centred around creating and maintaining long-term partnerships with our customers through innovation, best-in-class technical expertise and a true spirit of collaboration.”

US supplier

Outside of the cheese ingredients sector, Ornua is one of the biggest suppliers in the US consumer market with its flagship brand, Kerrygold – reportedly Ireland’s only €1bn food brand and the number two butter brand in the US.

The completion of Ornua’s acquisition of Whitehall followed as healthy set of results for the dairy firm earlier this month, which saw the business report pre-tax profit and sales growth in the year needed 26 December 2020.

Pre-tax profits grew by 26.8% to £5.2m, reflecting strong underlying business growth, the impact of the change in consumer behaviour in response to Covid-19 and favourable commodity price movements. Turnover for the year was up 16.1% to £411m.

Meanwhile, last week, baked goods manufacturer and retail bakery chain Cooplands was acquired by Euro Garages (EG) Group​ for an undisclosed sum.

Related topics: Dairy, Operations

Related news

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Follow us

Products

View more

Webinars