FDBusiness.com

Dairy Crest Further Reduces Exposure to Middle Ground Milk Market

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Dairy Crest Further Reduces Exposure to Middle Ground Milk Market

Dairy Crest Further Reduces Exposure to Middle Ground Milk Market
July 04
11:04 2013

Dairy Crest Group, the leading UK-owned dairy foods company, is to sell its depot-based milk delivery business in the North West to Creamline Dairies for £1.15 million. The sale would further reduce Dairy Crest’s exposure to the ‘middle ground’ milk market. Deliveries to residential and middle ground customers in this region have become less profitable following Dairy Crest’s closure of its Liverpool dairy last year.

Creamline intends to operate the Manchester business and the Liverpool and Wirral business will be acquired by Mortons Dairies. Creamline and Mortons have well-established milk delivery businesses in Manchester and Merseyside. Dairy Crest would retain its freehold or long leasehold interests in five of the seven depots from which it operates the business in this region and will lease them to the new owners.

Should the transaction go ahead around 116 employees and 121 franchisees would transfer from Dairy Crest to the new owners. The employee consultation is likely to be completed in July 2013 and the transaction would complete shortly after.

Mark Allen, chief executive of Dairy Crest, comments: “The proposed sale is in line with our strategy to reduce our exposure to parts of the middle ground market which do not provide us with an appropriate financial return. It would be another step on our journey towards restoring our Dairies business to a 3% operating margin in the medium term.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements