date:Jun 13, 2012
The agreement represents FCs latest move to meet the growth objectives outlined in its route2020 strategy.
If approved by regulators, the acquisition will be completed by 31 July 2012 for an undisclosed sum.
The Irish Dairy Board also look set to benefit strategically through the proposed takeover, with proceeds from the sale intended to fund the firms international expansion drive.
IDB Belgium, which is one of the largest packers of continental cheese in Belgium, recorded turnover of around