Competitiion Authority allows acquisition of Donegal Creameries

The Competition Authority has okayed the acquisition of Donegal Creameries’ milk and retail stores by Connacht Gold.

In a statement the authority said it had taken account of the views of customers of both entities as well as the views of the Irish Farmers Association about the competitive impact of the acquisition on farmers in the northwest.

Connacht Gold confirmed the €21 million deal on October 31st, which will see the Sligo co-op acquire most of Donegal Creameries’ businesses.

Donegal Creameries said the company would focus on its seed potato and niche dairy products division, as well as maintaining its animal feeds business and its property investments.