First Milk has announced the sale of CNP Professional to The Protein Partners Ltd.
The Manchester based business which specialises in sports nutrition, was sold following the completion of a full strategy review.
Chief executive of First Milk Mike Gallacher said: “The sale of CNP follows a full strategic review by the Board last year.
“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.”
Mr Gallacher said the announcement was a ’good deal’ for the CNP employees, 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.”
Source: FG Insight
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.