Kerry Co-operative Creameries

Last updated

Kerry Co-operative Creameries Limited
Kerry Co-op
Company typeProducer Co-operative
IndustryInvestments, Dairy Processing
Founded1 January 1974
Headquarters Tralee, County Kerry,
Ireland
Website kerryco-op.com

Kerry Co-Operative Creameries is an Irish agricultural co-operative society whose primary activity as of 2022 is the holding of investments on behalf of its farmer-members, with its largest investment being a 11.3% holding in Kerry Group, [1] a publicly traded company which was originally founded by the co-operative but now has a diverse shareholder base.

History

Kerry Co-op was originally formed through the amalgamation of a number of smaller dairy co-operatives in County Kerry and the purchase of assets of the state-owned Dairy Disposal Board in Kerry. The majority of the co-operatives dairy processing business was transferred to Kerry Group as part of its partial demutualisation with a significant number of shares issued to the co-operative in return. [2]

Related Research Articles

Glanbia plc is an Irish multinational nutrition company that owns several consumer brands that produce lifestyle products such as food supplements and ingredients businesses. Glanbia is headquartered in Kilkenny, Ireland with over 5,500 employees in over 30 countries around the world. Glanbia’s consumer brands and ingredients are sold or distributed in over 130 countries. North America is the company’s largest market, and it also has a presence in Europe, Middle East, Asia-Pacific and Latin America. Glanbia's primary listing is on Euronext Dublin. Glanbia comprises three divisions: Glanbia Nutritionals, Glanbia Performance Nutrition and Joint Ventures.

<span class="mw-page-title-main">Fonterra</span> New Zealand multinational dairy co-operative

Fonterra Co-operative Group Limited is a New Zealand multinational publicly traded dairy co-operative owned by New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ $22 billion, making it New Zealand's largest company. It is the sixth-largest dairy company in the world as of 2022, as well as the largest in the Southern Hemisphere.

Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the mutual society.

<span class="mw-page-title-main">Kerry Group</span> Public food company headquartered in Ireland

Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.

Lough Egish is a rural area in County Monaghan, Ireland, which takes its name from the local lake, Lough Egish. It is situated approximately midway between Ballybay, Castleblayney and Carrickmacross.

<span class="mw-page-title-main">The Co-operative Group</span> British group of retail businesses

The Co-operative Group Limited, trading as Co-op and formerly known as the Co-operative Wholesale Society, is a British consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise.

<span class="mw-page-title-main">Agricultural cooperative</span> Autonomous association of farmers and food producers

An agricultural cooperative, also known as a farmers' co-op, is a producer cooperative in which farmers pool their resources in certain areas of activities.

The United Kingdom is home to a widespread and diverse co-operative movement, with over 7,000 registered co-operatives owned by 17 million individual members and which contribute £34bn a year to the British economy. Modern co-operation started with the Rochdale Pioneers' shop in the northern English town of Rochdale in 1844, though the history of co-operation in Britain can be traced back to before 1800. The British co-operative movement is most commonly associated with The Co-operative brand which has been adopted by several large consumers' co-operative societies; however, there are many thousands of registered co-operative businesses operating in the UK. Alongside these consumers' co-operatives, there exist many prominent agricultural co-operatives (621), co-operative housing providers (619), health and social care cooperatives (111), cooperative schools (834), retail co-operatives, co-operatively run community energy projects, football supporters' trusts, credit unions, and worker-owned businesses.

<span class="mw-page-title-main">Clover Industries</span> Dairy company in South Africa

Clover Industries Limited is a branded foods and beverages group that used to be listed on the main board of the Johannesburg Stock Exchange. The company was delisted after a takeover by Milco, led by the Central Bottling Company from Israel.

<span class="mw-page-title-main">Dairy Farmers Pty Ltd</span> Australian company producing dairy products

Dairy Farmers Pty Ltd, originally established in 1900, whose parent company is Australian-owned Bega Cheese, is distributed mainly in New South Wales and Queensland in Australia. The core products sold under Dairy Farmers brand are fresh milk and UHT "long-life" milk, as well as various other dairy snacks. It supplies products to local and international markets such as Eastern Europe, the Middle East and Asia.

The Condensed Milk Company of Ireland Limited was an Irish manufacturer of dairy products and, in its heyday, the largest of its kind in the United Kingdom. Its most famous product was Cleeve's Toffee, a popular confectionery which continued to be sold in Ireland until the 1980s.

<span class="mw-page-title-main">Kerry Bog Pony</span> Breed of horse

The Kerry Bog Pony is a mountain and moorland breed of pony that originated in Ireland. Possibly descended from the Irish Hobby horse, it originally lived a mainly feral existence in the peat bogs of what is now County Kerry in southwestern Ireland. Local inhabitants used the ponies as pack and cart horses for transporting peat and kelp to the villages. The breed developed physical characteristics including a low weight-to-height ratio and an unusual footfall pattern, which helped it move on soft ground such as peat bogs. The ponies were known for hardiness and an ability to survive in harsh conditions.

<span class="mw-page-title-main">Co-op Insurance</span> Insurance company in the UK

Co-op Insurance is the trading name of CIS General Insurance, a general insurance company, which is part of the Co-operative Group, based in Manchester, United Kingdom. Co-op Insurance Services, an insurance intermediary incorporated in 2017, is a wholly owned subsidiary of CIS General Insurance.

<span class="mw-page-title-main">National Agricultural Cooperative Federation</span> Cooperative company in South Korea

The South Korean National Agricultural Cooperative Federation was established in 1961 to enhance the social and economic status of its membership and to promote a balanced development of the national economy. Its role is divided into three areas: marketing and supply, banking and insurance, and extension services.

Lakeland Dairies Group is an Irish dairy co-operative based in County Cavan, Ireland. It operates across sixteen counties in both the Republic of Ireland and Northern Ireland. Lakeland Dairies processes more than 2 billion litres of milk annually from 3,200 suppliers making it Ireland's largest dairy co-operative, and second largest milk processor after Tirlán. Lakeland Dairies currently has dedicated operations in Ireland, the United Kingdom and the United States and exports 240 dairy products to 100 countries worldwide.

The Irish Agricultural Organisation Society (IAOS) was an agricultural association in Ireland which advocated, and helped to organise, agricultural cooperativism, including mutual credit facilities. From its establishment by Sir Horace Plunkett in 1894, it quickly became an important element of the Irish economy and laid the foundations of the successful Irish dairy industry.

The Irish Co-operative Organisation Society (ICOS) is a co-operative organisation in Ireland. With its roots in the Irish Agricultural Organisation Society, ICOS promotes commercial co-operative businesses and enterprise, across multiple sections of the Irish economy.

Tirlán is an Irish dairy co-operative based in Kilkenny, Ireland. Its catchment area mainly covers the South-East and Midland regions of Ireland. Tirlán processes an annual volume of 3.2 billion litres of milk and handles 190,000 tonnes of green grain.

<span class="mw-page-title-main">Dairygold</span> Irish dairy co-operative

Dairygold Co-Operative Society Limited is an Irish dairy co-operative based in Mitchelstown, County Cork, Ireland. With its catchment area mostly in the Golden Vale, Dairygold processes an annual volume of approximately 1.43 billion liters of grass fed pastureland milk, making it Ireland's second largest dairy co-operative and the island's third largest milk supplier. Formed after the 1989 merger of the Mitchelstown and Ballyclough co-ops, as of 2023 it had 7000 shareholder members and an operating profit of €24 million from a turnover of €1.4 billion.

References

  1. Roche Kelly, Lorcan. "A willing buyer does not mean an easy sale of Kerry Dairy Ireland". www.farmersjournal.ie. Retrieved 19 July 2024.
  2. Research Handbook on Sustainable Co-operative Enterprise: Case Studies of Organisational Resilience in the Co-operative Business Model. Edward Elgar Publishing. 2014. p. 73. ISBN   978-1-78347-202-4.