Robert Wiseman Dairies joins the FTSE 250 index

Robert Wiseman Dairies has today (11 December) announced that it has joined the FTSE 250 share index, just over 60 years since the company was formed.

The East Kilbride-based company now processes and distributes more than one-in-four litres of fresh milk in Britain every day and employs over 4,500 people. It has recently completed an £80m dairy and distribution centre in Bridgwater, Somerset.

“We have a robust balance sheet with modest levels of debt and a well invested infrastructure which allows us to serve the whole of Britain,” chief executive Robert Wiseman said.

“We keep it simple, focusing on selling fresh liquid milk into a market which continues to grow, and we have a motivated team, all of whom are either shareholders or have been granted share options in the Company.

“It is for others to value the shares in our Company, but I believe we are well positioned for the future.”