Southwest Cheese

Joint Ventures & Associates

We have three strategic Joint Ventures and Associates: Southwest Cheese in the US, Glanbia Cheese in the UK and Glanbia Ireland. These are strategically important partnerships, not only in their own right, but also in terms of the synergies and growth opportunities they bring to the wholly owned Group.

Where you will find our products

Glanbia Ireland is Ireland’s leading dairy & agri-business company which owns celebrated consumer and agri brands such as Avonmore, Kilmeaden Cheese, Premier Milk, Wexford, mymilkman.ie and GAIN Animal Nutrition. It exports high quality dairy and agri ingredients as well as branded products to over 60 countries. Glanbia Cheese is the #1 mozzarella producer in Europe. Cheese and dairy products produced by Southwest Cheese are all commercialised by Glanbia Nutritionals. 

2016 Performance

Joint Ventures & Associates delivered a strong performance in the first half of 2017 with revenue increasing by 23.2% in the period. The driver of the revenue growth was a 21.8% improvement in pricing as a result of improved global dairy markets and a 1.4% increase in volumes primarily driven by Glanbia Ingredients Ireland DAC. Margin improved by 230 basis points to 6.9% and this coupled with revenue growth drove an 83.8% increase in EBITA in the first half of 2017. Due to the timing of dairy market movements the result for Joint Ventures and Associates in FY 2017 will be ahead of FY 2016 with growth weighted towards H1 2017

Southwest Cheese is a 50:50 cheese manufacturing joint venture between Glanbia plc and the Greater Southwest Agency, which is a combination of a number of dairy cooperatives. Its single state-of-the-art plant in Clovis, New Mexico is the largest natural cheese plant in the USA. Southwest Cheese, which was formed in 2006, addresses the needs of both partners, with Glanbia seeking to expand its cheese manufacturing capacity and the Greater Southwest Agency seeking to maximise the value of its milk pool. Glanbia commercialises all of the cheese and whey output, while the Greater Southwest Agency is the sole milk supplier to the joint venture. This joint venture has been a major success for both parties and represents an attractive model for Glanbia for cheese expansion in the USA.

For more information go to www.southwestcheese.com

At a glance

REVENUES
€475.7 million

EBITA
€32.9 million

EBITA MARGIN
6.9%

COUNTRIES
6

EMPLOYEES
1,385

Annual
Report
2016

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(PDF 5.4MB)

© Glanbia plc 2017. All rights reserved

© Glanbia plc 2017. All rights reserved