Adams Foods Expands Through £1.2 Million Acquisition
summary：Adams Food Ingredients, a subsidiary of the Irish Dairy Board, has acquired FoodTec UK from Dairy Crest for £1.2 million....
Adams Food
Ingredients, a subsidiary of the Irish Dairy Board, has acquired FoodTec UK from Dairy Crest for £1.2 million. Based in Crewe, FoodTec is a specialist powder blending ingredients business which focuses on Gluten Free, Bakery and other specialist nutrition products,AFI, located in Leek, is a food ingredient powder blending business which specialises in sourcing, formulating, blending and packing food ingredients for UK food manufacturers and nutrition brands.
Joe Collins, managing director of the Irish Dairy Board Dairy Trading & Ingredients division, comments: “The FoodTec acquisition presents exciting opportunities to grow both the AFI and FoodTec businesses in collaboration with both existing and new customers across new products, technologies and processes. The acquisition is also in-line with IDB’s strategy to invest in growth dairy businesses that deliver strong returns to our members, Ireland’s dairy processors and Irish dairy farmers.”