Lakeland Dairies Sets Sights on Strategic Acquisitions with €100m Fund
Source: The DairyNews
Lakeland Dairies is embarking on a quest for new acquisitions across the UK, Europe, and the United States, with a focus on bolstering value to support milk prices. Colin Kelly, the group's CEO, emphasized that these acquisitions align closely with Lakeland Dairies' core identity and mission.
Kelly highlighted the company's commitment to its dairy roots, emphasizing the importance of leveraging their network of 3,200 farms to produce high-quality products. He stressed that Lakeland Dairies' expansion strategy will remain firmly within the dairy industry, with a clear goal of advancing up the value chain. The company aims for acquired businesses to utilize Irish products and milk from their farms year-round.
The recent acquisition of De Brandt Dairy International NV, a butterfat business based in Belgium, exemplifies Lakeland Dairies' strategic approach. This acquisition expands the company's customer base and strengthens its presence in mainland Europe, further connecting Irish dairy products with consumers.
Looking ahead, Kelly outlined Lakeland Dairies' objective of enhancing its future through strategic investments and innovation. With a dedicated €100 million acquisition fund approved by the board, the company is poised to drive sustainable prosperity for dairy farm families. Kelly emphasized a shift towards prioritizing value over volume and focusing on capabilities to facilitate growth.
In the coming years, Lakeland Dairies plans to concentrate on value-added capabilities and innovation to maximize the potential of its core business. Rather than solely increasing processing capacity, the company aims to ascend the value chain. Kelly expressed confidence in the continued demand for dairy products but noted the uncertainty surrounding supply, particularly at the farm level.
As Lakeland Dairies continues to evolve and expand its footprint, the company remains committed to driving innovation, adding value to its products, and securing a prosperous future for dairy farming communities.
The recent acquisition of De Brandt Dairy International NV, a butterfat business based in Belgium, exemplifies Lakeland Dairies' strategic approach. This acquisition expands the company's customer base and strengthens its presence in mainland Europe, further connecting Irish dairy products with consumers.
Looking ahead, Kelly outlined Lakeland Dairies' objective of enhancing its future through strategic investments and innovation. With a dedicated €100 million acquisition fund approved by the board, the company is poised to drive sustainable prosperity for dairy farm families. Kelly emphasized a shift towards prioritizing value over volume and focusing on capabilities to facilitate growth.
In the coming years, Lakeland Dairies plans to concentrate on value-added capabilities and innovation to maximize the potential of its core business. Rather than solely increasing processing capacity, the company aims to ascend the value chain. Kelly expressed confidence in the continued demand for dairy products but noted the uncertainty surrounding supply, particularly at the farm level.
As Lakeland Dairies continues to evolve and expand its footprint, the company remains committed to driving innovation, adding value to its products, and securing a prosperous future for dairy farming communities.
