UK: Express Dairies, Golden Vale sell Dale Farm to Dromona Quality Foods
Dale Farm Dairies , the Northern Ireland milk subsidiary of Express Dairies and Golden Vale , has been sold to Dromona Quality Foods , owned by a large farmer’s cooperative. The deal saw Dale Farm fetch £18.35 in cash, 80% of which will go to Express and the remaining 20% to Golden Vale, a split that reflects their respective share in the joint venture company.
Dale Farm Dairies, the Northern Ireland milk subsidiary of Express Dairies and Golden Vale, has been sold to Dromona Quality Foods, owned by a large farmer’s cooperative.
The deal saw Dale Farm fetch £18.35 in cash, 80% of which will go to Express and the remaining 20% to Golden Vale, a split that reflects their respective share in the joint venture company.
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