Arla Foods has offloaded UK milk drinks operation Crediton Dairy to a group of executives who worked for the unit’s previous owner, Milk Link.

Neil Kennedy, former chief executive of Milk Link and Tim Smiddy, the UK co-op’s ex-finance director has led an MBO of Crediton.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal, struck for an undisclosed sum, was required as part of EU approval of Arla’s merger with Milk Link last year. Arla will continue to supply the dairy with milk.

Smiddy, who will become Crediton Dairy’s MD, said the business had “strong growth potential”, pointing to its “growing customer base” and “established” products.

Crediton Dairy produces Moo long-life milk, functional milk sold under the Flora Pro Activ brand and chocolate milkk under licence for Mars Inc.