FDBusiness.com

Dairy Crest Further Reduces Exposure to Middle Ground Milk Market

 Breaking News
  • HKScan Strengthens its Meals Offering With Investment in Estonia HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in [...]...
  • Food and Drink is at the Heart of the UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print returns to Birmingham’s NEC on 28 February-1 March 2018, and is set to be the most innovative show to date. With over 290 exhibitors already signed up, the UK’s largest annual event for the entire packaging supply chain will feature the latest industry innovations and technologies, alongside a major free-to-attend [...]...
  • AGRO Merchants Group Acquires Grocontinental AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO’s position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, third generation owners of [...]...
  • Trade Fair and More – The Event and Congress Programme For Anuga FoodTec 2018 Resource efficiency will be the primary focus of Anuga FoodTec 2018, the leading international supplier fair for the food and beverage industry, which will be held in Cologne, Germany from 20 to 23 March 2018. Around 1,700 suppliers from more than 50 countries will be presenting their new products for the production and packing of [...]...
  • TINE to Invest €77 Million in New Jarlsberg Plant in Ireland TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable. “Jarlsberg [...]...

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

  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Dutch Organic Trade Fair
  • January 17, 2018Anfas Food Product
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements