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Article: pounds 120m for Cheese Company
- Article from:
- The Independent (London, England)
- Article date:
- September 1, 1995
- Author:
CopyrightCopyright 1995 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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NIGEL COPE
The Cheese Company, which manufacturers a fifth of the country's
Cheddar, has been sold to Waterford Foods of Ireland for pounds
128m. Its four directors and 70 of the staff who took part in the
management buyout from Grand Metropolitan three years ago own 20
per cent of the equity and stand to make considerable gains.
The Cheese Company is one of the UK's two largest cheese
producers. In addition to Cheddar, it also manufactures Stilton and
other dairy products such as yoghurts and fromage frais.
The deal represents a significant move for Waterford into the UK
dairy market.
Matt Walsh, managing director, said: "It will give us additional
access to the important British ...