Dairy Board buys Spanish cheese plant
The Irish Dairy Board (IDB) has announced that it has acquired the trade and assets of Telepizza subsidiary, Luxtor S.A., a Spanish pizza cheese and cheese blends plant.
The deal includes Luxtor’s long-term contract for the supply of cheese to Telepizza, the fifth largest pizza chain in the world. The acquisition was made via the newly established entity, Irish Dairy Board Espana, S.L.
According to the IDB, the acquisition strengthens its position as a global provider of cheese to the Quick Service Restaurant (QSR) and Food Service sectors and complements similar investments made in US and UK customised cheese solution businesses. It will also provide an immediate route to market for Irish dairy products and opens up further opportunities for Irish dairy products post milk quota removal in 2015.
Welcoming the announcement Kevin Lane, CEO of the Irish Dairy Board said: ”In-line with our growth plans to make a strategic investment in Southern Europe, a milk deficit region, we are very pleased IDB Espana has acquired the trade and assets of Luxtor. IDB Espana will provide expert cheese solutions for the pizza sector that complement the cheese solution technologies we continue to develop in our other international businesses. Its central location will provide a trading and sales hub to service our growing Southern Europe customer base. And importantly for Irish farmers, it will be an immediate route to market for Irish dairy products with further growth post 2015.”