Glanbia to Close Yoplait Yoghurt Facility
Glanbia, the Irish and international nutritional solutions and cheese group, is selling the Yoplait franchise forIreland back to brand owner Yoplait for a cash consideration of €18 million. However, as a consequence of this decision, production will cease at Glanbia’s yoghurt facility in Inch, County Wexford.
While Glanbia has held the Yoplait franchise for the manufacture and sale of the brand in Ireland since 1973, the decision to move away from the franchise model recognises the current challenging Irish retail environment. Under a new agreement, Glanbia will continue to distribute Yoplait branded products and provide field sales support through its Consumer Products business based in Dublin.
Yoplait will progressively take over responsibility for production, marketing and account management in theRepublic of Ireland and Northern Ireland. Glanbia’s Consumer Products business will continue to focus on ongoing innovation and the development of its core beverage and food brands.
