Milk supplying shareholders in Tipperary Co-Op and Arrabawn Co-Op are to hold special General Meetings today to vote on a merger. The Tipperary Co-Op meeting will take place at the company offices on Station road Tipperary Town. 75% of those voting must approve the deal which will create a new co-op to be known as Arrabawn Tipperary Co-Op Society. Conor Ryan the CEO of Arrabawn will become the CEO of the new business if the deal is approved. The Competition Authority will also have to approve the merger.
While the deal has advantages from a business perspective in the longer term for Tipperary Co-Op there are expected to be some job losses. It is understood that some seasonal jobs in Tipperary town may be lost and that changes will come in the first year of operation. A transition structure is being put in place for the first two years of the merger. Tipperary Co-Op shareholders will own 24.5%% of the new entity with Arrabawn shareholders holding the balance of 74.5%.
Today’s meeting is due to begin at noon.
