Sale of the Fane Valley Dairies business
01 May 2016
Carson McDowell advised Fane Valley on the sale of its dairy division, carried on under the “Fane Valley Dairies” brand, to Lakeland Dairies. The deal completed on 01 May 2016.
Trevor Lockhart, Chief Executive of Fane Valley Co-operative commented: “Fane Valley and Lakeland Dairies are absolutely convinced that the interests of their respective milk suppliers will be better served in a combined business which can deliver greater economies of scale and enhanced market capability. The principal goal of Fane Valley has been to create a dairy business which is better positioned to deliver maximum returns to milk suppliers in the years ahead. Recognising this, the Board has decided to focus its attention on supporting Lakeland to drive forward the expanded dairy business.”
The Carson McDowell team was led by Gerard Armstrong, Michael Johnston and Dawson McConkey and also included Orlagh O’Neill, Maeve McClean, Naomi Gaston and Sarah Cochrane.