date:Aug 05, 2013
Arla Foods has completed the sale of British milk drinks business Crediton Dairy to a management buy-out team led by former Milk Link chief executive Neil Kennedy and former Milk Link group finance director Tim Smiddy after obtaining of European Commission (EC) approval.
Crediton Dairy is supplier of long life milk, long life cream, functional and flavoured dairy drinks and fresh bulk cream in the UK.
The new dairy - Crediton Dairy Ltd - has a current production capacity of 200 million liters