May 17, 2020

Dale Farm says it is interested in acquiring Irish dairy firm LacPatrick

Dale Farm
LacPatrick
joint venture
Merger
Laura Mullan
1 min
Every year US Dairy Farmers produce 3 billion more lbs of milk than the year before.
Dale Farm, the UK’s largest farmer-owned dairy co-operative, has confirmed that its interested in Irish dairy company LacPatrick.

In a statement, Dal...

Dale Farm, the UK’s largest farmer-owned dairy co-operative, has confirmed that its interested in Irish dairy company LacPatrick.

In a statement, Dale Farm’s Nick Whelan said: “As the largest farmer-owned dairy cooperative in Northern Ireland, and indeed the UK, Dale Farm has been made aware of the situation at LacPatrick and we have an interest in these developments.”

Formerly known as United Dairy Farmers, Dale Farms is co-owned by over 1,300 dairy farmers across the UK and is Northern Ireland’s biggest dairy co-op.

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Earlier this week, the Board of LacPatrick announced that it is seeking a joint venture, partnership, or merger with another milk processor.

LacPatrick is an Irish dairy co-op with processing facilities in both Northern Ireland and the Republic of Ireland.

For a merger or joint venture to go ahead, 75% of the co-op’s members will have to approve the deal.

The potential sale comes during a period of consolidation in the Irish dairy sector.

In 2015, LacPatrick was formed following a merger between Ballyrashane Creamery and town of Monaghan Co-op.

Meanwhile, in 2016, Lakeland bought the Northern Irish dairy company Fane Valley Dairies.

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May 17, 2020

Starbucks to open 10,000 sustainable stores in bid to save US$50mn

Starbucks
Green Energy
Renewable
Sustainability
Marcus Lawrence
2 min
Nestlé and Starbucks complete licensing deal for $7.15bn.
Starbucks has announced plans to open 10,000 “greener stores” around the world by 2025

The plans come under an initiative called the “Starbucks G...

Starbucks has announced plans to open 10,000 “greener stores” around the world by 2025

The plans come under an initiative called the “Starbucks Greener Stores Framework”, which the coffee company will develop with experts in the field such as SCS Global Services, and the World Wildlife Fund.

Kevin Johnson, Starbucks’ CEO, said in a company statement that Starbucks has a responsibility to promote environmental sustainability.

“We are a company in [sic] that believes, in the fabric of mission and values, that the pursuit of profit is not in conflict with the pursuit of doing good”.

The announcement aligns with Starbucks’ efforts over the past decade to create sustainable buildings, working in partnership with the US Green Building Council.

The company has said it will go beyond the Leadership in Energy and Environmental Design (LEED) sustainable building criteria, which it developed alongside the US Green Building Council, to focus on powering its stores in the US and Canada with 100% renewable energy.

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Starbucks plans to introduce technology to both new buildings and in renovations of existing stores that will save 25-30% on energy and water use.

Marketing Magazine said this could save Starbucks around US$50mn incrementally over the next decade.

This year, Starbucks committed to eliminate its reliance on single-use straws in 28,000 stores by 2020, and also said that it is developing compostable paper cups.

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