FDBusiness.com

Arla Foods UK Becomes Minority Shareholder in Westbury Dairies

 Breaking News
  • 2 Sisters Outlines Transformation Agenda Ronald Kers, the new chief executive of 2 Sisters Food Group, has spelled out his vision for the future of the company. His first 100 days have been taken up with an assessment of the opportunities for the group and creating the new initiatives he plans to put in place. Ronald Kers comments: “2 Sisters can [...]...
  • General Mills Announces Significant Growth Across its UK Snacking Division General Mills is launching new lines across both its Fibre One and Nature Valley portfolios, as it reveals its snacking division has grown +35.4% and household penetration has grown +12.1 percentage points to 25.3%[1] – equating to the size of London[2]. Cake Bars will be added to Fibre One’s guilt-free snacking range in two flavours: Triple Choc [...]...
  • Lorien and Britvic – Manufacturing Success Lorien Engineering Solutions, a division of GP Strategies, is working with soft drinks provider Britvic to help install new state-of-the-art production lines at Britvic’s Leeds and Rugby manufacturing sites. Lorien Engineering Solutions is part of a multi-disciplined project team, created and led by Britvic, to deliver a step-change in business capability. Alongside other specialists, Lorien [...]...
  • Carlsberg Group Increases Ownership in Cambodian Business Carlsberg Group has increased its ownership in the Cambodian brewer Cambrew from 50% to 75%. Cambrew is among the largest brewers in Cambodia. Its largest beer brand – the iconic Angkor Premium Beer with its well-known tagline ‘Our Country, Our Beer’ – is a popular brand among Cambodian consumers. In addition, Cambrew produces and bottles [...]...
  • Kerry Group Reports Healthy Volume Growth Kerry Group, the global taste & nutrition and consumer foods group, has reported a solid underlying business performance for the half year ended 30 June 2018. Group revenue on a reported basis increased by 1.4% to €3.2 billion, reflecting strong volume growth and contribution from acquisitions, offset by adverse currency movements. Business volumes grew by [...]...

Arla Foods UK Becomes Minority Shareholder in Westbury Dairies

Arla Foods UK Becomes Minority Shareholder in Westbury Dairies
September 14
15:18 2010

British dairy co-operatives First Milk and Milk Link have agreed terms for Arla Foods UK, the British arm of Scandinavian co-op Arla Foods, to become a shareholder in Westbury Dairies, the joint venture company that operates the UK’s most modern skimmed milk powder and bulk butter production facility located in Westbury, Wiltshire.  First Milk and Milk Link have agreed to sell a minority share in the company to Arla.

Westbury Dairies will remain strategically important for both Milk Link and First Milk and it will continue to provide long term balancing requirements for both businesses, along with Arla in line with their strategic requirements. The addition of Arla to the joint venture will reduce the share of the costs borne by the original shareholders, Milk Link and First Milk, and provide a more economic balancing solution for all three businesses.

The enlarged joint venture secures the long-term future of Westbury Dairies. As such, it will continue to play an important role in providing the key balancing capacity necessary for the British dairy industry to meet its annual peaks in production, particularly in support of the fresh liquid milk market. Looking forward, all three parties will work to explore ways to develop further the potential of the Westbury site to complement its existing skimmed milk powder and bulk butter production capabilities.

“This joint venture with Milk Link and First Milk in Westbury Dairies will give us access to the high quality balancing facilities which we require, following the closure of our Northallerton creamery,” says Peter Lauritzen, chief executive of Arla Foods UK:

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements