This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

https://servedby.flashtalking.com/click/2/82776;2714294;369307;211;0/?ft_width=1&ft_height=1&url=16151650

European Commission refers review of sale of Dairy Crest’s Dairies operations back to UK Competition and Markets Authority

23 March 2015

On 6 November 2014 Dairy Crest announced that it had agreed to sell the assets of its Dairies operations to Müller UK & Ireland Group (“Müller”).

The transaction is conditional on the approval of the relevant competition authorities and following constructive talks with the European Commission, it has now been referred back to the UK for review by the Competition and Markets Authority (“CMA”). 

The transaction remains on track and, as previously announced, has received the approval of Dairy Crest shareholders.   

Mark Allen, Chief Executive of Dairy Crest, commented: 

“This transaction will be a positive development for both Dairy Crest and the UK dairy industry as a whole, delivering economies of scale that will help to create a more sustainable UK dairy sector that is better placed to compete on the global stage. It has always been our preference for the transaction to be reviewed in the UK, so we welcome this referral back to the CMA as a positive step. We will work with Müller and the CMA to progress the merger review as quickly as possible.” 


Print this page | E-mail this page

MOST VIEWED...


Article image Eliminating contamination risks from belts

Food Processing finds out more about a range of belt solutions that won’t become a hygiene risk. Full Story...

Article image What role does refrigeration play in the supply chain?

Controlling the temperature of food across the whole supply chain is vital to extend shelf life. But how much can be gained by food manufacturers through careful monitoring at all process stages?Full Story...

Frozen food continues to flourish

Getting the best out of PLCs

Appetite for Engineering event highlights the need to prepare for change

http://www.fponthenet.net/whitepapers.aspx?ShopItemID=1231