Wiseman Dairies agrees sale to Muller
One of the UK's biggest fresh milk suppliers is to sell its business to Muller whose UK base is in Shropshire.
Robert Wiseman Dairies said more than half of its shareholders have accepted a £279.5 million takeover offer from Muller.
The Scottish group produces around a third of the fresh milk consumed in the UK. It counts the Co-operative Group, Sainsbury's and Tesco among its customers.
Robert Wiseman, executive chairman of Wiseman, said the deal made "strong commercial and strategic sense", by combining two leading dairy businesses. The management of Wiseman will stay in their posts after the deal.
Mr Wiseman added: "It is heartening to know that the business will become part of another family-owned business in Muller. Muller's offer represents an attractive price for an outstanding business."
Wiseman was established in 1947 and operates six major processing dairies in Aberdeen, East Kilbride, Glasgow, Manchester, Droitwich Spa and Bridgwater, and employs 5,000 staff.
