Lactalis buys Rachel's from Dean Foods
As a business proud of its Welsh roots, it is unlikely the Stars and Stripes were ever hoisted above the Rachel's dairy farm in Aberystwyth.
US dairy giant Dean Foods said today (28 July) that it wants to focus on the parts of its business that give "the greatest return" to investors after agreeing to sell UK organic business Rachel's.
US dairy giant Dean Foods has this afternoon (28 July) confirmed the sale of UK organic business Rachel's to France's Lactalis.
Shares in Dean Foods, the largest dairy processor in the US, curdled yesterday (10 May) after the company admitted it was facing tough trading conditions - and could not see an end in sight.