Cork-based dairy cooperative Dairygold is open for merger talks with fellow co-ops as the industry braces for the impact of Brexit.
Chief executive Jim Woulfe said: "We're open to reshaping and reforming if there's betterment for our members."
He added that Dairygold had come about from the merger of the Mitchelstown and Ballyclough co-ops three decades ago.
"When we can take out costs, we'll take out costs, and we'll collaborate with whoever to take out costs," he explained.
Chairman John O'Gorman said Dairygold had "never made a secret that we were open to collaboration in whatever shape or form that would take".
But he said any merger would have to consider the value of the Dairygold name to the co-op's members, for whom the history of the organisation is important.
Mr Woulfe said this would be a "barrier" in any merger and added there were no talks ongoing at the moment.