UK Cheese Business Sold

UNILEVER PLC UNILEVER NV 26 October 1999 UNILEVER COMPANY SELLS UK CHEESE BUSINESS Unilever announced today that its UK subsidiary, Van den Bergh Foods, has sold its hard cheese business to Yieldingtree Limited for an undisclosed sum. The British Creameries factory at West Marton employs 75 people and generates annual sales of approximately £15 million. The transaction includes the West Marton factory, certain cheese licences, BCL and West Marton Dairies Limited company names, and Dalespride and Yella Fella trademarks. Employees were told in February 1998 that a full scale review of the business was to be held. This review concluded in June 1998 that hard cheese products did not have a long term future within VdBF's strategic development. Yieldingtree is a private company which comprises Yieldingtree Limited, a chilled food wholesale company and yoghurt manufacturer based near Stourbridge, and Central Provisions Limited, a cheese packing and processing company near Hereford. West Marton Creamery opened in 1900 and in 1947 incorporated West Marton Dairies Ltd. The West Marton group of companies were acquired by Associated Dairies Ltd in 1960. In 1987 the creamery was bought by Van den Bergh Foods and began trading as British Creameries Ltd.

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