Greencore Announces Disposal of Chilled Desserts Facility to Muller UK
The disposal is expected to complete at the start of January 2013, by which time the transfer of production of other premium desserts lines and related manufacturing equipment to Evercreech will have been completed.
18 Jun 2012 --- Greencore announces it has reached agreement to dispose of its Chilled Desserts facility in Minsterley to the Müller Dairy UK group.
Under the terms of the disposal, ownership of the facility will transfer to Müller and the co-packing arrangement for Cadbury chilled desserts will terminate. Cash consideration will be £4.3 million, plus an amount for stock.
The disposal is expected to complete at the start of January 2013, by which time the transfer of production of other premium desserts lines and related manufacturing equipment to Evercreech will have been completed. This would then conclude the restructuring of the Chilled Desserts business, which Greencore acquired from Uniq in September 2011.
