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First Milk sells CNP
26 Oct 2016Following the completion of a full strategy review, First Milk – a UK company owned by British family farms - has agreed to sell its CNP Professional sports nutrition business based in Manchester to The Protein Partners.
Following the completion of a full strategy review, First Milk – a UK company owned by British family farms - has agreed to sell its CNP Professional sports nutrition business based in Manchester to The Protein Partners.
"The sale of CNP follows a full strategic review by the Board last year,” said Mike Gallacher, chief executive of First Milk. “It is the final step in allowing us to focus even more closely on our core businesses in hard cheese and liquid brokering. This focus is delivering improved milk prices and a more sustainable business model for our farmer shareholders.”"Today's announcement is also a good deal for our CNP employees, our customers and consumers. The brand CNP and the Hyde site will form a key part of the future strategy of The Protein Partners and as such the sale protects employment at the site."Related news
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