Dairy Crest Completes Sale of Dairies Operations to Müller UK & Ireland Group
Dairy Crest has completed the £80 million sale of its Dairies operations to Müller UK & Ireland Group. Dairy Crest’s Dairies operations comprise the fresh liquid milk, flavoured milk including the FRijj brand, bulk and potted cream, bulk butter and milk powder businesses, including dairy facilities at Severnside, Chadwell Heath, Foston and Hanworth together with around 70 depots. Müller UK & Ireland Group is wholly owned by Germany-based Unternehmensgruppe Theo Müller.
“This is a transformational moment for Dairy Crest and the wider dairy industry and helps bring much needed stability to the UK dairy sector,” says Mark Allen, chief executive of Dairy Crest. “Dairy Crest can now 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.”
