Dairy Company Dairy Crest announced today (Thursday) that it is getting a bigger share of WM Morrison’s dairy business. It has also acquired dairy company Starcross Foods.
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The company has been informed that its share of the supermarket group’s fresh milk supply will increase from approximately 30% to approximately 50%. The new business is expected to take effect from 3 October 2005.
Robert Wiseman Dairies has announced that its milk supply contract with Morrison is not to be renewed.
Dairy Crest also announced the acquisition of Starcross Foods Limited for £16.9m (US$32.2m) including debt on acquisition of £9.1m. Starcross is a modern dairy in Foston, Derbyshire opened in May 2002 with current processing capacity of up to 100 million litres of milk per annum.
“We are delighted to have been awarded increased volume by Morrisons,” said Drummond Hall, chief executive of Dairy Crest Group. “This is not only good news for Dairy Crest but also good news for our farmer suppliers. We look forward to developing our relationship further with Morrisons in the future.”
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By GlobalData“The acquisition of Starcross reinforces our commitment to the retail milk business and our customers,” he said. “Starcross is an advanced modern facility, which will significantly extend our geographical footprint across England and Wales to cover most of the major northern conurbations. This better aligns our business to Morrisons and our other customers’ requirements and will strengthen Dairy Crest’s competitive position.”
