Dairy Crest today (30 July) indicated its intention to sell of its Stilton and speciality cheese business to Long Clawson Dairy.

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The deal, which is conditional on employee consultations, is expected to be completed by the end of August.


Dairy Crest will receive total cash proceeds of approximately GBP3.5m (US$6.9m) and the transaction will result in a loss on disposal of approximately GBP4.4m.
 
“This disposal is in line with our strategy to focus future cheese activities on developing our branded and premium retailer-branded products,” Mark Allen, Dairy Crest CEO said.


“After careful consideration we concluded that the best option available for our Stilton business was a sale to Long Clawson.” 

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