Milk Link is to hand over £33m to Express Dairies after the board of Express approved a joint venture on UHT milk at its agm this week. Express executive director responsible for sales and marketing, Tim Lawrence, said: "The Milk Link deal gives us a stronger and better base. Pulling out of the cyclical UHT market works for us and works for Milk Link." The deal gives Milk Link the long life milk business of Express Dairies and Express Dairies' creamery and ingredients business in Somerset. The site will supply Express with its own UHT branded products, and a joint venture to make and sell added value products is also being formed. Express has also been granted a postal licence by the Postal Services Commission for its milkmen to start delivering post on their milkrounds for an initial 12-month period. It will use its urban delivery network of 106 depots and 3,500 milkrounds to deliver up to 4.6 million items of bulk mail from business senders to households. Lawrence said: "We feel we have turned a corner and the downbeat feel of our share price has gone away." {{NEWS }}

Topics