16 June 1998
Second southern dairy for Wiseman?
ROBERT WISEMAN Dairies – which announced a 49% jump in profits yesterday – hopes to open a second facility in England as its Manchester dairy approaches capacity.
But Alan Wiseman, chairman of the Scottish group, said the company would hold back its expansion plans until it had been given a clear green light by its supermarket customers.
Wiseman Dairies has expanded rapidly by supplying the multiple retailers with milk as doorstep deliveries continue to decline.
It unveiled pre-tax profits for the 53 weeks ended 4 April up 49% to £17.7 million, on sales of £252.7m, up from £192.9m in the previous 52 weeks.
Its acquisition of Scottish Pride last year helped to drive milk volumes up 42% to 584m litres. This takes the group above Dairy Crest to become the fifth biggest supplier of liquid milk in the UK.
The companys proposed southern addition – grandiosely named Project Millennium – could cost £32m, with four or five satellite depots adding another £15m to the total cost. It hopes to start producing bottled milk for supermarket chains early in the next century.
- Financial Times 16/06/98 page 31
- The Scotsman 16/06/98 page 23, page 25 (Business View)
- The Times 16/06/98 page 31, page 32 (Tempus)
- The Daily Telegraph 16/06/98 page 29