Milk Merger Gets the Green Light
UK - The British Office of Fair Trading has given the go-ahead to the merger between the UK's two leading milk producing co-operatives - First Milk and Milk Link.
13 December 2007
1 minute read
The move has been welcomed by farmers and the industry.
A statement from First Milk and Milk Link said: "We are pleased that the Office of Fair Trading has decided to clear our proposed merger.
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“Excellent news for the two companies, their members and the whole dairy industry”
NFU dairy board chairman Gwyn Jones
"We continue to make progress with regards to the due diligence work necessary to enable both Boards to endorse the merger to their Members."“Excellent news for the two companies, their members and the whole dairy industry”
NFU dairy board chairman Gwyn Jones
National Farmers' Union dairy board chairman Gwyn Jones said: "This is excellent news for the two companies, their members and the whole dairy industry.
"It is important that we see rationalisation within the industry and although there is still a due diligence and member approval process to go through this is a big step forward."
NFU Scotland Milk Committee Chairman Willie Lamont said: "This is very good news from the OFT and represents a forward-thinking approach to the dairy sector.
"There has been a need for consolidation in the dairy sector for years and this could provide a strong platform for the future of the industry. That is in the interests of everyone in the supply chain, particularly consumers."
TheCattleSite News Desk
