Müller | Müller’s acquisition of Yew Tree Dairy approved by CMA

Müller has today (22 October 2024) announced that it has received approval from the Competition and Markets Authority (CMA) regarding its acquisition of Yew Tree Dairy.

Dairy giant Müller announced its agreement to acquire Yew Tree in June 2024, aiming to enhance its export capabilities and improve supply chain resilience through the deal.

The CMA then initiated a merger inquiry in August to assess whether the merger could lead to a ‘substantial lessening of competition’ in any relevant markets.

Müller has now confirmed the CMA’s approval of the acquisition, which is due to complete by the end of October. Once completed, Müller said it will use internal expertise from across Unternehmensgruppe Theo Müller to enhance its milk drying capability, aiming to become a major producer and exporter of powdered milk products made in Britain, with milk from British dairy farms.

Rob Hutchinson, CEO at Müller Milk & Ingredients, said: “This acquisition will drive significant progress towards MMI’s purpose to deliver a better dairy future. The British dairy industry is world-renowned for its approach to sustainability, quality and welfare and so, not only does this acquisition underline our ambition to grow our business, but also a commitment to ensuring our customers, farmers and consumers will all feel the benefit.”

He added: “We’re excited to welcome our new colleagues from Yew Tree Dairy to Müller, and I look forward to meeting them all in the coming weeks and opening a new chapter for both businesses and the wider supply chain”.

Yew Tree Dairy director, Carl Woodcock, said that as a family-owned company, it was important for Yew Tree to pass ownership onto people who would treat the business with “the same care and consideration,” adding that he was confident Müller’s family values aligned with Yew Tree’s.

“Joining Müller will help Yew Tree Dairy go from strength to strength, benefitting our staff, farmers and customers and creating a strong and successful future for the British dairy industry,” he concluded.

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