Arla swoops for Yeo Valley Dairies in multi-million-pound deal
Arla Foods is to acquire Yeo Valley Dairies, a subsidiary of the Yeo Valley Group, in a multi-million-pound deal.
The transaction will give the Leeds-headquartered farmer-owned dairy cooperative the rights to use the Yeo Valley brand in milk, butter, spreads and cheese under an intellectual property licence with Yeo Valley. The Yeo Valley yogurt, ice cream, cream and desserts business will continue to be run independently through Yeo Valley Group, which remains under the ownership of the Mead family.
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