milk production line © REX/Shutterstock© REX/Shutterstock

Meadow Foods has denied rumours that it has been bought by a US food and agribusiness investor.

Industry news outlet, reported the rumour last night.

However, Farmers Weekly understands that the UK dairy processor; Meadow Foods has received a significant investment from, US investor Paine & Partners.

An official announcement is expected to be made on Monday, however it is unlikely the size of the investment will be disclosed.

Meadow Foods represents 550 dairy farmers in the UK.