Dairy Crest is acquiring Express Dairies’ Depot Operations and Arla’s Liverpool and Nottingham dairies ("Express Dairies") for a consideration of £33 million (subject to a working capital adjustment at completion).  The acquisition is expected to complete in August 2006 following a consultation process with affected employees.

The acquisition creates the UK’s market leading doorstep and middle ground business with broad coverage across England and Wales and approximately two million customers.  It is expected to generate significant synergies for Dairy Crest peaking at £9 million in 2008/09.

Enquiries:
Luke Withnell  020 7484 8800