Stonyfield Farm, the country's largest organic yogurt company, announced the formation of Stonyfield Europe, acquiring a 37 percent interest in Glenisk, an organic yogurt and dairy business in Ireland

Food & Drink Weekly, June 26, 2006

Stonyfield Farm, the country's largest organic yogurt company, announced the formation of Stonyfield Europe, acquiring a 37 percent interest in Glenisk, an organic yogurt and dairy business in Ireland. Glenisk has a small percentage of Western Europe's $13 billion yogurt market, which is four times the size of the U.S.

market, said Stonyfield Chief Executive Gary Hirshberg. Paris-based Groupe Danone, a large consumer products company, owns 80 percent of Stonyfield, a 24-year old company with $250 million in sales that is based in Londonderry, N.H. Glenisk--whose name derives from an ancient Gaelic term describing a stream running through the woods--was founded in 1987.