Michelmores is pleased to announce that it has advised the UK’s largest independent processing dairy, Freshways, on the acquisition of Milk & More’s doorstep delivery service from Muller.
Since its beginnings in 1990 as a small wholesaler, Freshways has grown into one of the largest independent and family-run dairy suppliers in the UK. All of the milk Freshways processes comes from cows farmed in the UK. Milk & More is one of the market leaders for home grocery deliveries with about 1,100 employees and 31 depots. It was first purchased by Muller in 2016.
The deal will see Freshways acquire all 31 of Milk & More’s sites, plus its sophisticated back-office e-commerce operation, with all 1,100 staff transferring over to Freshways Group.
The Michelmores team advising on the deal was led by Partner from the Firm’s Corporate team, Alexandra Watson, alongside Partners Adam Corbin, Paul Beanlands, Chloe Howard-Smith, Tom Torkar, Noel Beale and Ian Holyoak.
Adam Corbin, Freshways Client Partner comments: “We are pleased to have advised Freshways on this milestone transaction, in line with their strategic growth plans. Freshways is now entering an exciting marketplace aimed at buyer’s convenience, which is growing alongside other delivery brands around the UK.”
Freshways Director, Bali Nijjar said: “We committed to this transaction with a very short timescale, safe in the knowledge that Adam, Alex, and the Michelmores Team would make sure we achieved our objectives. Having a Team of lawyers who know us and know our business makes a real difference in transactions like this, and Michelmores have really invested in our relationship to ensure they deliver that.”
Michelmores’ consumer and commercial specialists help UK and international brands to break into new markets, connect with customers and close deals. From food and drink to luxury goods, brands with big ambitions and sustainable visions trust our extensive legal expertise. Read more on our website.
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