UK – Shareholders of UK dairy processor United Milk are to vote on a refinancing package designed to rescue the company in February.

A United Milk spokesman admitted to ConnectingDairy News: “United Milk is going through tough times.” He added that supply problems last autumn had compounded the company’s problems.

In a statement, United Milk Chairman Paul Deakin warned that if the proposals, the subject of a vote on 13 February, were not accepted then the company “can not survive in its present form.” The package includes the option to extend United Milk’s overdraft facility by