03 12 2019

Carbery receives €35m EIB loan to drive global expansion

RDJ advised Carbery Group on a EUR 35 million loan by the European Investment Bank (EIB) that will support construction of a new EUR 78 million manufacturing plant at Ballineen, Co.Cork.

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The new facility will enable the company to diversify its range of products and produce mozzarella for export to a range of international markets. The EUR 35 million loan to Carbery Group is the first Irish investment financed under a EUR 400 million European Investment Bank streamlined agriculture and bioeconomy financing programme launched last year.

Carbery Group is recognised as a leading international manufacturer of nutritional ingredients, flavours and as an award-winning cheese producer. Headquartered in Ballineen, Co. Cork, Ireland, it is owned by four Irish co-operatives, Bandon, Barryroe, Drinagh and Lisavaird, and employs 700 people. Carbery operates from nine locations including Ireland, the UK, Italy, the USA, Brazil and Thailand.

The RDJ deal team was led by Banking and Finance Partner, Cian Fenton.

For more information, see here.

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Cian Fenton