C M Varley & Co, the Darlington-based manufacturer of quality Animal Feed, are delighted to announce that they have joined Lloyds Animal Feeds.
Supplying the farming industry for more than 165 years, C M Varley & Co will become part of The Lloyds Group. The business will continue to operate from its current site in Darlington and trade as C.M Varley & Co. Ltd.
The new Board of Directors will be: From Varley's - David Helliwell (Sales Director), and from Lloyds - Mark Meynell (Managing Director), Ray Asquith (Operations Director) and Steve Haycock (Finance Director).
Mark Meynell, said, “This is a fantastic acquisition for the group and complements our 4 existing feed mills, which includes the Piercebridge Mill where we became the sole owner in 2013.
Commenting on the sale, Philippa Herbert, of the Varley family said, “Unfortunately there were no family members to continue our tradition and so it was decided to find a buyer who shared our family values and could safeguard our legacy. We feel that we have found the ideal partner in Lloyds”.
Clive Owen Corporate Finance are acting as financial advisors and Ward Hadaway are acting as legal counsel to C M Varley & Co Limited. DRE & Co are acting as financial advisors and Watson & Watson are acting as legal counsel for Lloyds Animal Feeds Limited
