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Glanbia has announced a new operating model, separating its Glanbia Nutritionals (GN) business into two new segments, Health & Nutrition and Dairy Nutrition.

The Health & Nutrition segment will incorporate Glanbia's premix solutions and flavours platforms. The Dairy Nutrition segment will focus on cheese and dairy ingredients and will comprise the portfolios of protein solutions (currently in its Nutritional Solutions segment) and US Cheese. The Dairy Nutrition business will become the commercial partner for the group’s joint venture with Southwest Cheese and MWC (MWC-Southwest Holdings).

The restructuring is designed to streamline the business, increasing its focus on end use markets and providing greater insight into Glanbia’s value drivers and growth opportunities.

Glanbia expects the new operating model to be implemented during FY 2025, with further details in early 2025.

In order to maximise the benefit of this operating model change, Glanbia is commencing a group wide transformation programme designed to fund and enable the next phase of growth.

The programme will identify opportunities to enhance productivity and drive efficiencies across operations, accelerating digital transformation and ensuring the group is positioned to capitalise on future market growth opportunities.

Glanbia CEO Hugh McGuire said: “Today, we are announcing the separation of our GN business into two new segments – Health & Nutrition and Dairy Nutrition. The new structure is designed to further streamline our business, sharpen our focus on our end use markets and position ourselves for the next phase of growth. As part of this change in our operating model, we are commencing a group wide transformation programme which will allow us to fund and drive growth in our business, supporting our ambition to maximise long-term value for shareholders.”

McGuire continued: “We are also announcing an additional €50 million share buyback authorisation which reflects our strong cash flows and balance sheet position further increasing our returns to shareholders".

Top image: ©Glanbia Nutritionals

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