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Germany/UK: Dairy Group nabs new British assets

 |  November 6, 2014

For the second time in just two years, German dairy group Theo Müller has acquired assets in the UK, furthering consolidation in the EU dairy industry.

According to reports, Theo Müller reached an agreement to purchase Dairy Crest for more than $126 million. The takeover follows Theo Müller’s acquisition of Robert Wiseman Dairies in 2012 for more than $443 million.

Reports say rising costs of energy and feed are forcing consolidation in the dairy industry. Theo Müller’s takeover remains subject to regulatory approval, but the company said it is “concerned” about the current state of the EU dairy industry.

Full content: Agrimoney

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