Meadow Foods announces investment from US agribusiness firm

Meadow Foods has announced that it has completed a strategic investment with US company Paine & Partners, a leading global food and agribusiness investment firm.

This strategic investment is to support Meadow Foods' strategy to grow the business through organic expansion and acquisitions.

Simon Chantler, executive chairman of Meadow Foods, the UK's largest independently owned dairy group, said the investment represents a "new and exciting" phase in the continued development of the business.

"It will open new avenues of opportunity for all of our producer partners, customers and employees," Mr Chantler said.

Dexter Paine, Chairman, CEO and a founding partner of Paine & Partners, added: "In Meadow Foods, we are making a strategic investment in an industry leader that we believe is poised for continued growth.

"Meadow Foods' experienced management team and employees have built a blue-chip customer base with a well-deserved reputation for innovation and reliable delivery of the highest-quality products.

"We see opportunities to drive growth both organically by increasing production, enhancing capabilities and expanding into new product lines and markets, and through strategic acquisitions that leverage the Company's supply network and customer relationships.

"The two most important assets to a business are its people and reputation, and Meadow Foods is exceptional in both of these areas," Mr Paine concluded.