Müller announce deal to buy Scottish dairy company

Posted on January 22, 2012

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written for the New Statesman – words by Robert Pollard 

£279.5m deal agreed for Robert Wiseman Dairies after swift negotiations with German company Müller.

German dairy company Müller Group have agreed a deal with Robert Wiseman Dairies which will see the Scottish company bought for £279.5m.

The deal represents a 60 per cent increase on the share price from the day prior to the deal and sees the Müller Group grow its operations across Europe.

Robert Wiseman Dairies has grown significantly since its humble beginnings in the 1940s. Then, it was a small firm operating on a family farm in East Kilbride. Today the company supplies 30 per cent of Britain’s milk making a takeover an attractive proposition for the ambitious Müller Group.

The difficult economic climate saw Robert Wiseman Dairies announce a fall in profits for 2011 but there has been a 30 per cent increase in the value of the company over the last month with share prices reaching 389p before the takeover was completed.

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Posted in: Politics