Tue, 20 Oct 2015 | BUSINESS SALE
Muller's purchase of Dairy Crest has been approved by the UK's Competition and Markets Authority.
The deal was first announced back in November 2014 but it has taken some time for the authorities to assess the competition in fresh liquid milk supply, particularly in the South West and Wales.
Now this has been cleared up the £80 million deal is due to complete by 27 December 2015 and will see Dairy Crest's liquid milk processing, distribution and trading divisions handed to Muller, along with its packaged cream, flavoured milk and bulk commodity ingredients business.
In terms of physical assets, the deal will also see the company's 70 depots across the country change hands, along with its plants in Gloucester, Essex, Derbyshire and Middlesex.
Dairy Crest's chief executive Mark Allen commented on the sale noting that it should help create a more sustainable UK dairy sector.
He added: “It will deliver economies of scale and cost efficiencies that will underpin investment in the sector and help the UK to compete more successfully in global markets.
“Dairy Crest will now be able to focus on growth, through both our branded cheese and spreads operations and new revenue streams from manufacturing products for the fast-growing global infant formula market.”
View other businesses for sale.
Opportunity to acquire a well-established three-surgery dental practice in South Gloucestershire, featuring a strong NHS patient base and centrally located in a vibrant town with easy access to local bus routes and just a short drive from the M4 moto...
LEASEHOLD
Presenting an exceptional opportunity for an incoming buyer to acquire a thriving, two surgery dental practice in the prestigious Greenwich area. Located on a busy high street, this mixed practice ensures high visibility and a steady flow of foot tra...
LEASEHOLD
This is an excellent opportunity to acquire a thriving, mainly private practice which is located in a affluent area. The practice boasts a solid 40-year presence in the local community and has two well-equipped surgeries.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.