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Wessex Dairies split and sold

21 January 2000

Wessex Dairies split and sold

WESSEX Dairies, which went into receivership last weekend, has been split and sold.

After all-night meetings, Unigate Dairies agreed to buy Wessexs manu-facturing arm at Thornbury, Bristol, on Tuesday for a reported £1.1m.

Last March, Unigate bought Wessexs doorstep delivery business. Organic milk sales have been growing fast, and the latest move gives Unigate access to its own supplies, said a spokeswoman.

This follows Sundays purchase of Wessexs retail distribution division by Bristol-based Lordswood Dairies for an undisclosed sum.

Lordswood will now supply more than 5000 customers, including restaurants, caterers, schools and hospitals, with over 300,000 pints of milk a day. This will push turnover up from £10m to about £25m in the next financial year, said chairman Malcolm Pearce.

Wessex, bought by management from Northern Foods in 1995, achieved a turnover to the end of November of £50m, but tightening milk margins saw debts rise to about £8m. &#42

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Wessex Dairies split and sold

18 January 2000
Wessex Dairies split and sold

By FWi staff

WESSEX Dairies, which went into receivership over the weekend, has been split and sold.

Following all-night meetings, Unigate Dairies agreed to buy Wessexs manufacturing arm at Thornbury, Bristol, for a reported 1.1 million.

The move follows Sundays purchase of the retail distribution division by Bristol-based Lordswood Dairies for an undisclosed sum.

Last March, Unigate bought Wessexs doorstep delivery business.

Organic milk sales have been growing fast, and the latest move gives Unigate access to its own supplies, said a spokeswoman.

It will also help add value to bulk cream products, she added.

It is believed that 67 staff will transfer to Unigate, and a further 150 to Lordswood.

Wessex, bought by management from Northern Foods in 1995, is based at Thornbury, near Bristol.

Turnover to the end of November topped 50m, but tightening milk margins saw debts rise to about 8m.

    Read more on:
  • News

Wessex Dairies split and sold

18 January 2000
Wessex Dairies split and sold

By FWi staff

WESSEX Dairies, which went into receivership over the weekend, has been split and sold.

Following all-night meetings, Unigate Dairies agreed to buy Wessexs manufacturing arm at Thornbury, Bristol, for a reported 1.1 million.

The move follows Sundays purchase of the retail distribution division by Bristol-based Lordswood Dairies for an undisclosed sum.

Last March, Unigate bought Wessexs doorstep delivery business.

Organic milk sales have been growing fast, and the latest move gives Unigate access to its own supplies, said a spokeswoman.

It will also help add value to bulk cream products, she added.

It is believed that 67 staff will transfer to Unigate, and a further 150 to Lordswood.

Wessex, bought by management from Northern Foods in 1995, is based at Thornbury, near Bristol. p>Turnover to the end of November topped 50m, but tightening milk margins saw debts rise to about 8m.

    Read more on:
  • News
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