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Meadow Foods announces £11.2 mill operating profit

Independent dairy Meadow Foods announced an operating profit of £11.2 million for the year to March 31, 2014.

This was 15.6 per cent up on the year and came as turnover leapt 23 per cent to £420.7m.

The company also announced a £1.8m investment and expansion of its Chester headquarters which will enable it to manufacture and store skim and blended concentrated milks.

In another move, Mark Chantler has been appointed managing director of ingredients with overall responsibility for the company’s fat, sugar and fresh divisions.

Mr Chantler will remain as executive chairman and retain responsibility for heading the company’s milk division which incorporates milk procurement and sales.

Source: - 5 Jan 2014