Primark owner in £48m takeover of agritech business
Primark and British Sugar owner Associated British Foods has agreed a £48m deal to buy agritech business National Milk Records (NMR).
The cash offer, which is 87% higher than last night's closing share price, is already backed by shareholders controlling two-thirds of NMR.
ABF is a £17bn-turnover food and retail group with dozens of brands, including Twinings, Kingsmill, Ryvita, and Blue Dragon.
Chippenham-based NMR was founded 80 years ago and today is a data and technology business focused on milk quality, herd health and... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
