Tipperary Co-Op may be about to create a business link with neighbouring Co-Op Arrabawn.
Speculation surrounding the future of Tipperary Co-Op has intensified in recent days with the Irish Farmers Journal now reporting that the matter is up for discussion at a special meeting of Arrabawn’s board today.
Tipperary Co-Op has been engaging with staff on cost cutting measures in recent weeks and has also been paying farmers the lowest price for their milk in recent months causing some suppliers to look elsewhere for better payment terms.
The Co-Op has been impacted by the poor weather in Spring/Summer 2024 impacting negatively on milk supplies.
The independent business invested heavily in new manufacturing processes in recent years and has been hit by interest rate increases on it’s borrowings.
Any substantial deal would have to be put to shareholders in both coops for approval. Arrabawn, headquartered in Nenagh, has been paying suppliers one of the highest prices for milk in the country this year.
Arrabawn comprises dairy, food ingredients and agri business units that produce a range of Business to Business and dairy consumer products.
Earlier this year Tipperary parted ways with long-time CEO John Daly and appointed John Hunter, former assistant General Manager, as interim CEO.
