Wednesday, July 6, 2022

Arla flicks Credition Dairy

European dairy giant Arla Foods has agreed to a sale of its Crediton Dairy milk drinks business.      

The sale of Crediton, for an undisclosed sum, was a condition required by the European Commission in giving approval for the merger in October 2012 of Milk Link with Arla Foods.  At that time Credition was owned by Milk Link.  The Credition milk drinks business has been brought out by a management team led by former Milk Link chief excecutive Neil Kennedy and former Milk Link group finance director Tim Smiddy.

The sale, which is conditional on the undertaking of TUPE consultation with employees (which has now commenced) and final European Commission approval, is expected to be completed by the end of June 2013. 

 

Additional facts:
Crediton Dairy
• Product portfolio: Long life milk, long life cream, extended shelf life milk and flavoured dairy drinks and fresh bulk cream
• Milk processing capacity: c.200 million litres
• Number of employees: 117

 

Arla Foods is a international dairy company owned by 12.000 farmers from Denmark, Sweden, The UK, Germany, Belgium and Luxemburg. Arla Foods is one of the strongest players in the international dairy arena, with a wide range of of dairy products of higest quality. Well known brands like Lurpak® and Castello® belongs to the Arla family. Arla Foods is also the worlds largest manufacturer of organic products.

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