Freshways and Medina agree merger in UK

摘要

Freshways Dairy, based in Acton (UK), and Medina Dairy, based in Windsor, UK have confirmed that they have agreed to merge. The merger, subject to regulatory approval, will create the basis for a viable, long term, fresh liquid milk business, the companies say - a business with the requisite scale and agility to compete with the two large players that dominate the dairy sector in the UK. The new business will have a combined turnover of around £400 million (€471.5m); employ 1,000 staff and process in the region of 500 million litres of British Red Tractor farm assured milk. A new complementary board and management structure will be put in place to oversee the merger, ongoing operations and strategic development of the combined busi- ness with Sheazad Hussain (currently chief executive of Medina Dairy) and Bali Nijjar (currently managing director of the Freshways group of companies), being appointed as joint managing directors.