BusinessBusiness RecoveryParmalat UK sold

Parmalat UK sold

Parmalat UK has been sold as a going concern within 48 hours of the appointment of PricewaterhouseCoopers as administrators.

Link: Parmalat scandal

Mike Jervis, Michael Horrocks and David Hargrave were appointed joint administrators on Monday and late yesterday they announced its sale to Dale Farm, a Northern Ireland based dairy processor.

Jervis said: ‘We are very pleased to have achieved a sale of the UK dairies business, thereby safeguarding around 200 jobs. This prompt action ensured a seamless transfer of the business.’

Dale Farm has expanded rapidly and the purchase of Parmalat UK, a relatively small part of the Parmalat Group world-wide, is its fourth acquisition in just three years.

The sale did not include the importing activities of the business.

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