Sizeable dairy group Meadow Foods has invested £4 million ($USD 5,020,560) in a new facility for manufacturing plant-based products in Chester, UK. Building work commenced this January with the manufacture of products including milk, cream, yogurt, soft cheese, custard, and sour cream expected to begin before the end of 2020.
Meadow Foods is a subsidiary of Meadow Foods Holdings Ltd employing over 310 employees. It generates $587.92 million in sales and there are 13 companies in the MEADOW FOODS LIMITED corporate family including several producers of animal-based dairy products. MEADOW FOODS HOLDINGS LTD owns 50,002 ORDINARY shares, with a value of £1.0 GBP each.
According to Farming Weekly, Meadow Foods, “one of the UK’s largest independent dairies with around 650 farmer suppliers, also increased its turnover from £427m to £456m,” and this was owing partly to the acquisition of Roil Foods – an edible dairy-based oils business. This year it also acquired Nimbus Foods which already offers some plantbased products.
CEO Mark Chantler said the company wanted to meet conumer demand for plantbased products, however animal dairy would remain its focus. The new facility will reportedly produce plant-based ingredients based on a blend of oats and rice.
“We’re excited to be developing our capabilities and capacity to manufacture a range of plant-based products that extend the strength and depth of our product portfolio,” commented Chantler.