City File: Avonmore ready to milk the market
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.AVONMORE, the Irish food group, is to buy a processing plant from the Milk Marketing Board's commercial arm, Dairy Crest, as part of the MMB's debt-reduction plan in advance of next year's flotation.
The acquisition of the Perry Barr site in the West Midlands, expected to be completed early this week, will give Avonmore almost 7 per cent of the British liquid milk market.
The deal is thought to be worth pounds 25m, and analysts would not be surprised if Avonmore tapped the market for cash to fund both this and other purchases. Avonmore has been building its presence in the British milk market since 1988, and the Dairy Crest deal will bring its share to 80 million gallons.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments