Latest Breaking News On - Tomlinsons dairies - Page 1 : comparemela.com
CMA launches investigation into Medina-Freshways merger
thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Welsh milk to be bottled in Wales again with launch of startup Pembrokeshire Creamery
thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Freshways and Medina Dairy complete long-awaited merger
thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
However, the latest statement is the first time the two processors have both confirmed their intention is to combine. If negotiations were successful, the parties would expect to notify any merger to the CMA, they added.
A merged Medina and Freshways would create a supplier with a combined turnover of almost £380m, according to the pair’s most recent accounts on Companies House, with Freshways parent Nijjar Dairies posting sales of £213.6m in the year to 28 December 2019.
Medina Dairy posted sales of £244.3m for the 78 weeks to 27 October 2018, which when annualised stood at £162.9m. However, it made a pre-tax loss of £1.4m over the accounting period (annualised to £934,000). Nijjar Dairies, meanwhile, made a pre-tax profit of £434,000 in 2019.
Goodbye to a year of mammoth challenges START by doing what s necessary; then do what s possible; and suddenly you are doing the impossible. This quote from Saint Francis of Assisi sums up the mammoth effort I have witnessed from hundreds of thousands of people in North Yorkshire throughout 2020. I could not let this year of trials and tribulations, overcoming adversity and incredible team effort pass, without saying thank you to each and every one of you. Like many, I am humbled by the sacrifice and resilience of the people, businesses and workforce of our magnificent county in one of the toughest years. While we know there is still a tough road ahead we also know that we will get where we need to be – because that is what we do in North Yorkshire! We just get on with it.