No-deal Brexit could harm Aurivo co-op’s milk processing activities

A no-deal Brexit could hit a significant part of co-op Aurivo’s milk processing business, its chief executive Aaron Forde has warned. Operating profits at Aurivo fell 23 per cent to €3 million last year. Figures released by the north western-based business show sales rose 4 per cent in 2018 to €443.8 million from €426.4 million in 2017. Speaking after the co-op published its results, Mr Forde noted that Brexit posed “considerable challenges” to the co-op, as 16 per cent of the more than 400 million litres of milk it processes a year comes from Northern Ireland. Mr Forde explained that milk from the north would have to be exported again to a non-EU country to avoid tariffs should the UK crash out of the bloc without a deal.