Lakeland Dairies has reported a positive business performance in spite of volatile global dairy market conditions, in the co-operative’s annual report for 2015.

Fane Valley and Lakeland Dairies Co-operative Societies have confirmed that final agreement has been reached on a deal structure which will see Lakeland acquire the Fane Valley Dairies business based at Banbridge, Co. Down, effective from 1st May 2016.