In a statement, Meadow Foods explained Wrexham-based Roil Foods manufactured edible dairy-based oils, including organic anhydrous milk fat (AMF), concentrated butter and butter ghee – items not currently produced by Meadow Foods.
The ability to manufacture these products, in addition to Meadow Foods’ AMF and butter, would enhance its offering to global customers and expand the packaging range it offered, it said.
Meadow Foods makes and supplies a range of dairy products, including soft cheese, fresh-packed creams and milks, natural yogurts, sweetened condensed milk and chocolate crumb.
Ambitious growth plans
“This acquisition will further strengthen our portfolio of quality dairy ingredients and marks the next step in the delivery of the ambitious growth plans we have for the business,” said Mark Chantler, ceo of Meadow Foods.
“There are obvious operational synergies between the businesses and we’re excited by the opportunity to extend our range and reach into new markets and product lines.”
The announcement followed a strategic investment into Meadow Foods from Paine Schwartz Partners, a leading global food and agribusiness investment firm.
The investment, made in autumn 2016, was intended to support Meadow Foods’ strategy to grow the business through organic expansion and acquisitions.
Meadow Foods is the UK’s largest independently owned dairy group, supplying dairy ingredients to food processors from sites in Chester, Peterborough and Holme-on-Spalding-Moor.
The company employs more than 275 people and handles more than 650M litres of milk each year direct from more than 650 UK farmer suppliers.