The investment takes First Milk’s total capital spend on manufacturing sites to around £30m since 2018.
After 64 years as owner of Elopak, Ferd is now exploring the opportunity of inviting additional investors into the company.
Investment from Green Monday Ventures, Eat Beyond Global, KBW Ventures, and Verso Capital will allow biotech company TurtleTree Labs to expand its focus into functional components in milk.
The investment will see the installation of an additional high-speed cheese slicing line as well as further expansion of Ornua’s cheese grating capabilities.
In the wake of the pandemic, Lacthosa, a Honduras-based company producing and distributing milk, juices and beverages, undertook a series of actions in order to sustain its operations, and support national efforts to contain the epidemic in Honduras.
First Milk has published its Annual Report and Accounts for the year ending 31 March 2020, which reports a year of progress, delivering growth, investment and improved member returns.
German dairy co-operative, Hochwald, has released its annual financial statements, reporting high investment levels and a significant increase in equity.
Graham’s The Family Dairy has announced plans for a low carbon heat project at its facility in Fife, which will position the area at the forefront of innovative decarbonisation solutions for the food and drink sector.
Rochdale based yogurt brand, Lancashire Farm Dairies, has announced a one million-pound business investment which will incorporate advanced technology and robotics into its manufacturing plant.
Leading cheese supplier Dairygold Food Ingredients UK Ltd (DFI UK) is preparing to invest £4.5m into a significant enhancement of its Leeds facility in Swillington.