The family-owned dairy reported sales growth of £37.9m at the end of 2019, putting the firm on target to surpass its projected growth of £40m. This built on a 20% increase in yogurt sales experienced by the producer last year, after moving to the use of only free-range milk.
Sales success for the company followed a £3.5m investment in a new plant, driven by growth in product demand, that increased capacity and capability in terms of milk intake, processing, filling and storage. Lancashire Farm said it planned to continue to invest in the site to further drive greater capacity and efficiency.
‘Move forward as a key market player’
Commenting on the firm’s success, brand manager Jack Morrison said: “As a brand we’re always looking to evolve. The business has grown ten-fold over the past decade and, during a time of growth that has seen the company boost in sales, our investments are proof that Lancashire Farm Dairies is going from strength to strength and is continuing to move forward as a key market player.”
Lancashire Farm’s products are stocked in supermarkets across the country, including Asda, Tesco, Sainsbury’s, Morrisons and the Co-op. The manufacturer recently secured a listing with northern retail chain Booths.
‘Testament to the work we’ve been doing’
“The brand has enjoyed fantastic growth over recent years, driven by strong success within the retail market,” Morrison added. “This is a testament to the work we’ve been doing with the brand and business, both in terms of the proposition and the people and infrastructure within the business. We are a very ambitious business with strong targets to continue this growth.”
Meanwhile, Scottish beef producer JW Galloway has reaped the rewards from new plant and equipment investment despite Brexit-induced challenges over the past year, as the firm demonstrated growth in its recent results.