
New cheese plant in Boherbue marks €15m investment in rural Cork
The new plant is owned by Ingredient Solutions Ltd., one of Ireland's leading cheese solution providers, and sits on a 7-acre site in Boherbue, close to the company's existing plant. Founded in 2000, the company now exports to over 40 countries.
Around four times larger than the current site and with five production lines, the new plant will enable the company to scale from 12,000 to 27,000 tonnes of produce annually, with future expansion potential to 35,000 tonnes, according to Managing Director Gary Davies.
With the company currently employing around 100 people, Davies predicted that number will rise by around 50 workers over the next eight to ten years. 'We've built this facility not just to meet today's needs, but to secure our ability to innovate and grow in the years ahead,' he said.
Speaking at the opening, Davies said: 'It's a proud day for our staff, our community, and for Ian Galletly, our founder, whose vision brought Ingredient Solutions to life 25 years ago. This facility is the result of his dream—backed by Rupp, AIB, and Enterprise Ireland—and designed to grow with us into the future.'
The ribbon-cutting event was attended by government representatives, industry leaders, and local stakeholders, including John Broekmans, CEO of Rupp (Ingredient Solutions' Austrian-based parent company); Cllr Joe Carroll, Lord Mayor of Cork; Cork North-West TD Michael Moynihan, and Cllr Bernard Moynihan, while Fr. Jim Kennelly blessed the facility.
The Rupp CEO highlighted the company's long-term commitment to the locality: 'This factory is more than bricks and stainless steel. It's a promise—to our employees, our customers, and to Boherbue. We are here for the long term. Together, we are building not just cheese, but a future.'
Broekmans acknowledged the deep ties between Rupp and Ingredient Solutions since the 2022 acquisition, calling the new facility 'a continuation of the legacy we've built together. This moment represents not just a new chapter for our company, but it's also a renewed commitment to the community that has stood by us for twenty-five years."
Cllr Moynihan spoke about the long journey to the opening of the new plant, recalling early planning meetings, community backing, and the essential role of Boherbue Co-Op: 'This factory will export to over 70 countries and generate €100 million in export trade. But more importantly, it's an investment in people—in jobs, in families, and in the future of rural Ireland. Boherbue has always punched above its weight, and today, we take our place on the world stage.'
The Kanturk-Mallow Councillor said the recent upgrade to the wastewater treatment plant in Boherbue paved the way to securing the new cheese plant. "The crucial, crucial thing to make this plant happen today was because we had the €9 million-wastewater treatment plant. It's a fantastic investment in Boherbue for housing, for shops, for development, for everything."
The upgrade, which was carried out by Uisce Éireann, in partnership with Cork County Council, modernised and improved the performance and capacity of the plant and has improved the quality of treated wastewater discharged into the Brogeen River, a protected conservation area and home to the freshwater pearl mussel.
ADVERTISEMENT
Learn more
Mayor of County Cork, Cllr Joe Carroll, also underlined the importance of the local infrastructure in his words at the opening. "This is a day of celebration not only for Ingredient Solutions but for the entire local community. Cork County Council has been proud to support this development, particularly through our investment in the nine-million-euro upgrade of the wastewater treatment plant here in Boherbue. This critical infrastructure paved the way for growth like we're seeing today, enabling businesses to expand, create jobs and contribute to the local community."
Michael Moynihan, Fianna Fail TD for Cork North-West and Minister of State at the Department of Education and Youth, said: 'This is not just a local success story—it's a strategic investment in the future of food production in Ireland and beyond. As the global population grows, Ireland must lead in producing sustainable, high-quality food. This facility proves rural communities like Boherbue are more than ready to meet that challenge.'
Production at the new plant is scheduled to begin in July and will consolidate Ingredient Solutions' growing reputation as a global leader in cheese manufacturing. The company has also launched a refreshed version of Ingredient Solutions' Yellow Road brand—named after the English translation of 'Boherbue'—targeting new markets in Europe, the Middle East, and Southeast Asia.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


RTÉ News
11 hours ago
- RTÉ News
AerCap can recover over $1 billion, UK court rules in case over jets 'lost' in Russia
The world's largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London's High Court ruled today, though that is less than the roughly $2 billion it sought. The court ruled broadly in favour of leasing companies in a multi-billion-dollar legal dispute with insurers, following a mammoth trial of one of the biggest insurance disputes ever heard in London which concluded in February. The lawsuit had focused on almost 150 jets and some engines, previously with a total value of up to $4.7 billion, though settlements - including on the first day of the trial in October - have whittled the numbers down. Judge Christopher Butcher said in a summary of his ruling that the aircraft were lost and "that loss occurred on 10 March 2022, when a piece of Russian legislation banned the export of aircraft and aircraft equipment from Russia". That meant the lessors could recover from their "war risks insurers", rather than under a broader all risks clause, as the cause of the loss was "an act or order of the Russian government", Butcher said. The judge also ruled that insurers were not prevented by EU or US sanctions from indemnifying the claimants for the loss of aircraft which had been leased to Russian airlines. AerCap's law firm Herbert Smith Freehills Kramer said the judgment secured $1.035 billion for AerCap, "in addition to substantial recoveries achieved in prior settlements". The $1.035 billion sum is, however, less than AerCap's claimed losses of over $2 billion had it been able to recover under its all risks policy. Butcher said in his ruling that Dublin-based AerCap had received just over $1.3 billion from six settlements between August and December 2023 with lessees and a Russian insurance company. AerCap, Dubai Aerospace Enterprise (DAE), Merx Aviation, KDAC Aviation Finance, Falcon and Genesis had led the claims against a string of insurers, including AIG, Lloyd's, Chubb and Swiss Re. KDAC settled all its claims during the trial, Butcher said in his ruling, while AerCap, DAE and other lessors have periodically disclosed partial settlements.


Irish Daily Mirror
13 hours ago
- Irish Daily Mirror
UK Government £50m Casement Park pledge an 'enormous step forward'
A UK Government pledge of £50 million for the development of Casement Park is an 'enormous step forward', Northern Ireland's First Minister Michelle O'Neill has said. Deputy First Minister Emma Little-Pengelly responded by stating that sport across Northern Ireland is 'crying out for financial support'. Northern Ireland Secretary Hilary Benn confirmed that the £50 million is ringfenced for the rebuild of the west Belfast GAA stadium and cannot be spent on other projects by the Stormont Executive. The money was included in Chancellor Rachel Reeves' spending review, which outlines the UK Government's spending plans over the coming years. Ireland's deputy premier Simon Harris said it is 'past time for the redevelopment of this historic venue to get under way'. Plans for a 34,000-capacity stadium have been mired in uncertainty because of a major funding gap of around £150 million. The Government announcement includes £50 million over four years to support the currently derelict stadium being developed. Ms O'Neill said: 'Casement Park is an Executive flagship project and is more than just a sporting venue, it will serve as an economic driver for the surrounding communities and region, creating jobs and attracting investment. 'Today's commitment of substantial funding from the British Government marks an enormous step forward. It is time for all of us to pull together to now get Casement built.' Stormont ministers committed £62.5 million to Casement in 2011, as part of a strategy to revamp it along with football's Windsor Park and the rugby ground at Ravenhill. While the two other Belfast-based projects went ahead, the redevelopment of Casement was delayed for several years because of legal challenges by local residents. The estimated build cost spiralled in the interim. Last September the UK Government ended hopes that the west Belfast venue would host Euro 2028 games, when it said it would not bridge a funding gap to deliver the redevelopment in time. As well as the Stormont contribution of £62.5 million, the Irish government has offered roughly £42 million and the GAA has pledged to contribute at least £15 million. It has been reported that the cost of the project has fallen to £270 million since it was confirmed the ground would not host Euros matches. Under current plans and including the £50 million from Wednesday's announcement, the funding shortfall stands at roughly £100 million. Chief Secretary to the Treasury Darren Jones said it was now up to the Stormont Executive to do work on updating plans and costings for the Casement project. He said: 'We will look at those proposals to support them as best we can.' The DUP's Communities Minister Gordon Lyons has previously said that any additional money for sporting infrastructure in Northern Ireland had to be delivered on a fair and equitable basis. Ms Little-Pengelly said: 'It'll be over to the GAA in terms of the way forward on that, but from our point of view, it's very much about trying to ensure in an inclusive way that there is fairness right across the needs of all of our sports.' Asked if the £50 million could be spent on other Executive sporting projects, Mr Benn said: 'It is the bottom line. 'This is £50 million for Casement Park, it is ringfenced for that purpose.' He added: 'This is an Executive commitment, it dates from 2011. 'Three stadia – Windsor Park, Ravenhill, Casement Park, three great sporting codes. 'Two of them have been done and Casement Park has not been done. 'We all want to see it completed. 'It is worth looking at how much the UK Government has given directly to football, rugby, sport, leisure and other things over the past four-and-a-bit years, it amounts to £47 million, and a very small bit of that, £1.1 million, went to two projects supported by the GAA. 'We're balancing out what has been the contribution to football, rugby, other sports and leisure over the last four years because I think everyone wants to see the Casement Park project completed.' GAA president Jarlath Burns said it was an 'important and significant' investment from the UK Government. He added: 'We know, however, that this is not the final piece of jigsaw and there is much more work to do. 'The GAA will engage directly with the NI Executive and the Department for Communities to ensure that all parties actively pursue, and secure, a full funding package that will deliver upon the GAA's strategic stadium need.' Ms Reeves' announcement was also welcomed by the Irish government. Deputy premier and foreign affairs minister Simon Harris said Dublin had long supported the redevelopment of Casement Park as a 'landmark sports infrastructure project'. Mr Harris said: 'In February 2024, we made an early commitment from the Shared Island initiative of up to 50 million euro (£42 million) for the redevelopment of Casement. 'We underlined our commitment at that time to support the GAA in progressing this project in partnership with the UK and NI authorities. 'I will now engage with all these partners to deliver a redeveloped stadium. 'The last match hosted in Casement was well over a decade ago and it is past time for the redevelopment of this historic venue to get under way.'


Irish Examiner
13 hours ago
- Irish Examiner
Stripe to acquire crypto wallet provider Privy
Stripe has agreed to acquire crypto wallet provider Privy, building on the payment company's recent acquisition of stablecoin infrastructure firm Bridge. Terms of the transaction were not disclosed. Privy helps companies build crypto wallets into their user experiences. Non-fungible token marketplace OpenSea, for example, uses Privy to enable customers to purchase NFTs directly from its platform. Behind the scenes, Privy creates a wallet on behalf of the consumer which facilitates their purchase. Before the partnership, OpenSea customers needed to create an external wallet through a provider like MetaMask or Coinbase Wallet and link it to their account. The extra steps added friction for consumers and created a barrier to entry into the crypto universe. The wallets are necessary to hold NFTs and the cryptocurrencies required to buy them. Privy's other clients include restaurant loyalty start-up Blackbird and global employment firm Toku. 'When we started, wallets were powerful but inaccessible for all but the most technical,' Henri Stern, co-founder and chief executive officer of Privy, said in a statement. 'Developers had to send users off-platform to get started, breaking flows and killing user conversion. That friction fundamentally constrained what could be built in crypto.' New York-based Privy was founded in 2021 and has raised just over $40m from investors. Privy was last valued at $230m (€201.7m) in March of this year, according to data compiled by Pitchbook. 'With a unified platform, connecting Privy's wallets to the money movement capabilities in Stripe and Bridge, we're enormously excited to enable a new generation of global, internet-native financial services,' Patrick Collison, Stripe's co-founder and chief executive, said in a statement. The Privy news follows Stripe's $1.1bn (€1bn) acquisition of Bridge, a deal which accelerated an already growing wave of enthusiasm surrounding stablecoin. Earlier this year, Stripe announced it was introducing stablecoin-funded accounts designed to help merchants hold funds and pay vendors abroad using Circle Internet Group USDC and the USDB stablecoin issued by Bridge itself. Similarly to Bridge, Privy will continue to operate as an independent product. Stripe's acquisitions signal the company's interest in becoming a go-to vendor for clients interested in adding support for, or launching their own, crypto products at a time when everyone from large technology firms to traditional banks have expressed interest in exploring the technology. The Privy transaction is subject to closing conditions and the companies expect the deal to close in coming weeks. Bloomberg