Freshways working with rival Medina Dairy
Milk processor Freshways has confirmed it is working with rival Medina Dairy, but denied claims the two firms are considering a merger.
Freshways MD Bali Nijjar told The Grocer this week that the two processors were working together on “some contract packaging and swaps”. However, he dismissed claims the company was exploring a possible merger with Medina as “rumours”.
Industry insiders have suggested talks between the two parties on a possible merger, which would create a business turning over in excess of £380m a year, were at an advanced stage.
Medina and Freshways reported combined pre-tax losses of £4m in their most recent accounts, citing difficult market conditions.
Source: The Grocer


