The Müller business has finally completed its long running acquisition of the Dairy Crest liquid milk operation after more than a year.
The transaction, involving Dairy Crest’s processing, trading and distribution of liquid milk, plus its packaged cream, flavoured milk and bulk commodity ingredient activities was first announced on November 6th 2014. With competition regulator approval obtained in October, the deal was finally completed on December 26th 2015.
The company is to combine its existing Müller Wiseman Dairies with the Dairy Crest assets into a new company trading as Müller Milk & Ingredients. It has 2,000 contracted dairy herd suppliers and will process around 25% of the milk produced in Britain. At the same time, the Müller Dairy yogurt and chilled desserts business, with factories at Market Drayton, Minsterley and Telford will become Müller Yogurt & Desserts.
“It is important to recognise that the status quo, particularly within the fresh milk sector, was not working and we must therefore identify and make the changes and savings required to build a combined business which is sustainable, successful and vibrant,” states Müller Milk & Ingredients managing director Andrew McInnes.
“Our aim is to become a successful milk and ingredients business as quickly as possible. To do this we will prioritise the delivery of great products and service, building an engaged workforce, putting in place common systems and processes, and achieving higher levels of competitiveness through savings from combining the two businesses.”