FDBusiness.com

Dairy Ingredients Fuel Profit Growth at Meadow Foods

 Breaking News
  • Discovery, Plant-Based and Alternatives Lead the Top Ten Trends For 2019 Targeting increasingly adventurous consumers, set on new discoveries and experiences, will be key to developments in the food and beverage industry in 2019. The connected world has led consumers of all ages to become more knowledgeable of other cultures, contributing to 35 percent growth of “discovery” claims, when comparing 2017 and 2016 new product launch [...]...
  • Pearse Lyons Brewery to Open New Facility at Historic Irish Site Alltech Beverage Division Ireland (ABDI) has made an announcement about the planned opening of a new brewery at the historic site of the old MacArdle Moore Brewery in Dundalk. The new Pearse Lyons Brewery will incorporate the relocation of the Station Works Brewery in Newry, which was acquired by the late Dr. Pearse Lyons in [...]...
  • WRAP Comes Up With Winning Formula to Tackle Milk Waste A new report from the UK’s leading sustainability experts WRAP shows for the first time the scale of milk wastes across the food chain, from processing to our homes, and highlights ways we can significantly reduce the 330,000 tonnes of total milk lost each year, worth more than £150 million. Milk waste in the home is [...]...
  • Samworth Brothers Launches New Fitness-focused Ready Meal Range With Innovative Identity by Brandon Leading British food manufacturer Samworth Brothers is launching a ground-breaking range of ready meals to appeal to everyday athletes, with brand identity and packaging by design consultancy Brandon. Responding to an increasing consumer demand for healthier convenience options, the meals, which come in three variants – Cajun Chicken, Turmeric Chicken and Pad Thai Chicken – are [...]...
  • Premier Foods Shows Resilience Premier Foods has reported a 1.3% increase in group revenue to £358.0 million and a 6.2% rise in trading profit to £51.0 million for the 26 weeks ended 29 September 2018. The group’s largest brand, Mr Kipling, was key to this growth following an excellent consumer response to its relaunch in the UK with revenues [...]...

Dairy Ingredients Fuel Profit Growth at Meadow Foods

Dairy Ingredients Fuel Profit Growth at Meadow Foods
January 09
09:59 2014

Meadow Foods, the UK’s largest independent dairy and leading supplier of milk based dairy ingredients to the food industry, has reported a 2% increase in operating profit to £9.69 million for the year ended 31 March 2013 on a turnover of £339.42 million. The increase is a result of an increase in demand from major food manufacturing groups for the company’s dairy ingredient products.

The company, which is headquartered at its creamery in Chester, reports that the strong cash generation has been used to further strengthen the balance sheet and that works are progressing well with its £2.79 million of capital investment projects which are designed to increase capacity and efficiencies at its manufacturing facilities.

Simon Chantler, executive chairman of Meadow Foods, comments: “We are pleased to report some strong results in a competitive marketplace. The improved profits and positive cash flow have allowed us to make further investments into the business which will in turn allow us to grow sustainably and offer stability to both our farmers and customers.”

The investments include an increase in the cream storage and cultured products capacity at its site in Peterborough, a new lactose milling facility at its site in Holme-upon-Spalding Moor as well as continued improvements to its Chester site.

He concludes: “With a strong capital structure and an ambitious growth strategy in place we plan to continue our programme of ongoing investment and to look for acquisition opportunities in 2014.”

Meadow Foods operates from factories in Chester, Peterborough and Holme-on-Spalding Moor. The company’s products include cream, butter, sweetened condensed milk, anhydrous milk fat, chocolate crumb and cultured products. Founded in 1992, Meadow Foods now employs more than 250 people.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 21, 2018expoSE European Asparagus and Strawberry Fair
  • November 27, 2018Health Ingredients Europe
  • November 28, 2018FOOD & LIFE
  • December 3, 2018P&P 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements