Glenfield Dairy sold to Graham’s
Following the completion of a full strategy review, First Milk has agreed to sell its Glenfield Dairy business based in Fife, Scotland to Graham’s the Family Dairy.
Mike Gallacher, chief executive of First Milk, says, “The scale of Glenfield Dairy follows a full strategic review by the Board over the summer. It will allow us to focus even more closely on our core businesses in hard cheese and liquid brokering. This is already starting to drive improvement with the business moving into a positive operating profit at mid-year, consistent with the phasing of our turnaround plan. We are confident that this focus will deliver improved milk prices and a more sustainable business model for shareholders.
Robert Graham, managing director of Graham’s The Family Dairy, comments, “This is an exciting acquisition for us as it allows us to extend our product range for customers and consumers even further, with the addition of cottage cheese and quark. In addition, this deal presents great potential to explore further new product development going forward.”
