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Glanbia votes to separate its dairy processing business

Members of the Glanbia co-op have voted by 71pc for the creation of a joint venture.

The co-op vote will see Glanbia separate its dairy processing business, which the co-op will control, from other parts of the Glanbia company, including its fast-growing nutritionals business. The co-op will own 60pc of the joint venture and Glanbia will own 40pc.

Some 71pc of members voted in favour of the proposal.

The high turnout of 77pc was welcomed by IFA President John Bryan.