Dairy Crest Müller Deal Referred Back to UK Authorities

23 Mar 2015 --- On 6 November 2014 Dairy Crest announced that it had agreed to sell the assets of its Dairies operations to Müller UK & Ireland Group. If approved, the newly formed dairy will be the second biggest in the UK, second only to Arla.

The transaction is conditional on the approval of the relevant competition authorities and following constructive talks with the European Commission, it has now been referred back to the UK for review by the Competition and Markets Authority (CMA). 

The transaction remains on track and, as previously announced, has received the approval of Dairy Crest shareholders. 

Mark Allen, Chief Executive of Dairy Crest, commented: “This transaction will be a positive development for both Dairy Crest and the UK dairy industry as a whole, delivering economies of scale that will help to create a more sustainable UK dairy sector that is better placed to compete on the global stage. It has always been our preference for the transaction to be reviewed in the UK, so we welcome this referral back to the CMA as a positive step. We will work with Müller and the CMA to progress the merger review as quickly as possible.”
 
Müller made a big impact on the UK dairy market in 2012 when it acquired Robert Wiseman Dairies.