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Glanbia completes sale of mozzarella JV to partner Leprino Foods
date:May 08, 2023
Glanbia, the better nutrition company, has completed the sale of its shareholdings in Glanbia Cheese, a leading mozzarella maker in Europe comprising Glanbia Cheese EU Limited and Glanbia Cheese Limited, to Leprino Foods Company.

Transaction proceeds of 178.9 million have been received in cash, with further contingent consideration of up to 25 million, dependant on the performance of Glanbia Cheese over the next three years.

The transaction will be subject to customary post completion cash and

12/21 20:14