27 Oct 2023
€40m investment at Cork production facility pushes Kerrygold closer to €2 billion valuation
Cork is the culinary capital of Ireland with a long tradition of desirable foodstuffs, so it is of little surprise that a food giant is finding success in the region. Ornua’s flagship facility based in Mitchelstown produces products sold in over 60 global markets, including market leading brands like Kerrygold butter, representing a significant investment in Cork.
A €40 million investment will see an increase in production to a phenomenal one million packs of butter a day, to be consumed by a discerning global audience. The increased production will result in a 20% employment boost at Kerrygold Park, pushing numbers close to 200 and continuing a long tradition of success.
The investment is the next steps in the brands aim to become Ireland’s first ever €2 billion Euro food business, placing it a rare global bracket. This is built off the back of a commitment to quality that delivers the finest produce from 14000 Irish farming families, in an industry that goes back generations.
Cork became a global supplier of butter and beef in the mid-1700’s, when the growing British Navy was provisioned in its harbour and Cork’s produce was shipped across the globe. This history is shared in the Butter Museum in Cork City, which relays the rich history of a centuries old tradition that Kerrygold maintains to this day.
Backed by a supportive business environment, Cork has all the right ingredients for business success – Learn more about investing in Cork here –