Burges Salmon Assists Milk Link on its Acquisition of CCL (Cornish Country Larder)
27 January 2011
National law firm Burges Salmon's Food & Farming team has acted for Milk Link on its recent acquisition of the award winning Cornish Country Larder cheese business (CCL) for an undisclosed sum. The deal strengthens the co-operative's position as a leading producer of British cheese.
The acquisition of CCL by Milk Link is a positive development for the Cornish based cheese business which, since its creation in 1996, has played a leading role in the strong growth of the British soft cheese market. It provides the basis for the next stage in the growth and development of CCL’s award winning Trevarrian Creamery, which produces a range of Cornish Bries, Camemberts and brands such as Gevrik soft goats cheese and St Endellion (a luxury Cornish Brie hand-made using Cornish double cream).
The Creamery already uses milk supplied by Milk Link’s Cornish dairy farmer members and the acquisition is a further step forward in the co-operative’s strategy of maximising the value of its Members’ milk by processing it into value added products and returning the profits generated to them as soon as possible.
Commenting on the deal, Neil Kennedy, Milk Link’s Chief Executive said: "Our acquisition of Cornish Country Larder further strengthens our position as a leading producer of high quality British cheeses and is an important addition to our growing speciality cheese offer. It will enable us to offer our customers great tasting, award winning Cornish soft cheeses and will provide a strong platform to further enhance the reputation and sales of Cornish dairy products.
"The acquisition is a further positive development for Milk Link whose dairy farmer Membership heartland is in the South West and is in line with our strategy of building Milk Link into the leading British value added dairy processing business. The deal provides an opportunity for us to grow and develop an already successful business by leveraging our wider, national customer base and proven know how in sales & marketing, operations & logistics and new product & packaging development."
The Burges Salmon LLP team was led by corporate partner Camilla Usher-Clark with assistance from AJ Venter (corporate) and Imam Qazi (property). The same team also advised Milk Link on its recent entry into a strategic partnership with Volac to jointly undertake a major investment at Milk Link’s Taw Valley Creamery, North Tawton, Devon
Camilla Usher-Clark said: “The acquisition of CCL is the latest in a string of transactions that Milk Link has been working on as part of its strategic plan. We are delighted to continue our support to the Milk Link team in all of these transactions using our resource and breadth of experience in the sector and across a wide range of legal disciplines".