Lakeland Dairies acquires dairy division of Fane Valley

Wed, 11 May 2016 | DIVISION SALE

County Cavan-based Lakeland Dairies Co-operative has acquired the dairy division of Newry-based Fane Valley for an undisclosed sum, it has been reported.

The new deal represents a simpler solution to a proposed merger between the two dairy manufacturing companies announced in August last year. A statement from the companies said that the less complex structure was "considered to be a better option” than the original merger.

Michael Hanley, the chief executive of Lakeland Dairies Co-operative, said of the most recent deal: "The strategic rationale behind Lakeland Dairies and Fane Valley co-operating to advance the interests of their respective businesses is as strong today as it was in August 2015.

"It is extremely positive that the boards of both co-operatives have had the foresight to recognise the limitations of the initially proposed joint venture arrangements and the courage to adapt and revise their approach.”

Fane Valley boss Trevor Lockhart backed Mr Hanley’s statements, saying that the division sale represented the best interests for both businesses — leading to “greater economies of scale and enhanced market capability”.

Within Northern Ireland alone, the companies purchase around 250 million litres and 330 million litres of cow’s milk respectively per year. Both firms use this milk to manufacture a variety of dairy products and other ingredients for the food industry. The firms both rely one hundred per cent on export markets for all of their products.

For more information, see what to look out for when buying a business.


Share this article



Latest Businesses for Sale

Contemporary Bar & Bistro
Lancashire, UK Wide

The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...

Asking Price: £99,950
Turnover: £450,000

LEASEHOLD


Commercial Cleaning Company
Berkshire, UK Wide

Leading cleaning company in area. High-quality contracts and clientele. All equipment included in the sale. Well-established. Company has an excellent retention rate with a valuable team of staff. Huge scope for growth. The business is now for sale o...

Asking Price: £180,000
Turnover: £436,428

LEASEHOLD


Online Strapping Retailer
Devon, UK Wide

This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...

Asking Price: £350,000
Turnover: £1,129,718

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
29
 
May
 

Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

 
28
 
May
 

M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE

Asset manager M&G has completed the purchase of wealth manag...

 
27
 
May
 

Food-to-go supplier calls in administrators | ADMINISTRATION

Adelie Foods, one of Britain’s biggest suppliers of sa...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources