An investment worth £54m is nearing completion as UK food company Dairy Crest gets ready to open the first of two new “super dairies” this November.
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Dairy Crest, which controls brands such as Clover butter and Cathedral City cheese, expects the dairies to ensure that the group enjoys long-term dominance in the liquid milk sector. They will be situated in London and Gloucester.
Earlier this week, Dairy Crest posted a fall in pre-tax profits for the last year, from £44m to £33.6m. With the completion of integration between the dairy and cheese businesses bought from Unigate in 2000, the group is confident that it will achieve £11m of cost synergies during this financial year.
