Pictured: John Jordan, CEO, Ornua
Ornua, the agricultural co-operative, markets the iconic Irish brand, Kerrygold, to the world with sales for the product reaching €1.6 billion last year. Led by CEO John Jordan, Ornua is our Company of the Month April 2023, in association with KPMG.
Company of the Month
The Company of the Month Award, in association with KPMG, recognises outstanding Irish companies. It especially acknowledges those who have made significant contributions to the business community of Ireland.
Recipients of the award are automatically put forward as candidates for the prestigious Company of the Year Award at the annual Business & Finance Awards.
Ornua
As a global dairy company, Ornua has been at the forefront of the Irish food industry for the last 60 years. Starting out as a government agency and eventually becoming Ireland’s first food company worth €1 billion, Ornua have had a remarkable journey. Ornua was the recipient of the 2022 Business & Finance Company of the Year Award.The judges credited the company’s growing presence in the US as well as its significant output amongst the reasons for Ornua winning the award.
“Ornua’s continued and successful product innovations, along with their growing presence in the US, has copper-fastened its reputation as one of Ireland’s most valuable and robust organisations.”
Today, sales for the company’s most popular product, Kerrygold butter, have reached €1.6 billion and the company is on track to hit its 2025 target as it continues to see strong growth in international markets. CEO John Jordan has said that 11 million packets of Kerrygold branded cheese and butter are sold around the world every week now.
Turbulent times
The company has navigated Covid-19 and prior to that, Trump-era import tariffs which resulted in an additional €50 million in US taxes in 2020. The Biden administration suspended the tariff on European butter imports and the company is now keeping a close eye on the next US general election, the outcome of which might have a direct impact on their business.
See here for more information on the 2023 Business & Finance Awards. To get involved, please contact Brian.Kearns@businessandfinance.com
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Business & Finance, Company of the Month
