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09/10/2001
Express Dairies and Golden Vale in £18 million Dale Farm deal
Express Dairies and Golden Vale have accepted an offer from Dromona Quality Foods, the dairy processor subsidiary of United Dairy Farmers, in the acquisition of shares of Dale Farm Dairies Limited, Northern Ireland’s leading liquid milk processor and distributor.
The deal valued at £18.25 million, includes both the Dale Farm company and its brands and brings together two of the best known and respected names in the local dairy sector. The transaction, which will return Dale Farm to Northern Ireland ownership, is subject to regulatory approval.
Announcing details of the acquisition, David Dobbin, Group Chief Executive of United Dairy Farmers, said: “We are delighted with this deal which is another important step in the implementation of United Dairy Farmers’ strategy of developing its added value consumer foods business.
“It is strong evidence of our commitment to investing in our business in Northern Ireland and positions us to more effectively compete in the local, national and international marketplaces.”
The company will continue to operate as Dale Farm Dairies under the control of its existing management team. (MB)
The deal valued at £18.25 million, includes both the Dale Farm company and its brands and brings together two of the best known and respected names in the local dairy sector. The transaction, which will return Dale Farm to Northern Ireland ownership, is subject to regulatory approval.
Announcing details of the acquisition, David Dobbin, Group Chief Executive of United Dairy Farmers, said: “We are delighted with this deal which is another important step in the implementation of United Dairy Farmers’ strategy of developing its added value consumer foods business.
“It is strong evidence of our commitment to investing in our business in Northern Ireland and positions us to more effectively compete in the local, national and international marketplaces.”
The company will continue to operate as Dale Farm Dairies under the control of its existing management team. (MB)
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NI Dairy Sector Investments Revealed
The Stormont Enterprise Minister Arlene Foster has announced two investments, totalling £39million, aimed at benefiting local dairy processing industry. The projects were announced as the Minister visited Dale Farm's facility at Dunmanbridge near Cookstown, where she officially opened a £5million state of the art cheddar cheese making facility.
NI Dairy Sector Investments Revealed
The Stormont Enterprise Minister Arlene Foster has announced two investments, totalling £39million, aimed at benefiting local dairy processing industry. The projects were announced as the Minister visited Dale Farm's facility at Dunmanbridge near Cookstown, where she officially opened a £5million state of the art cheddar cheese making facility.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
