News Takeover
DeLaval invests in British milking cluster producer
Milking system giant DeLaval is coming back from a successful takeover path. In early July, the company announced that it had acquired Milkrite InterPuls, a British producer of clusters and related products, for almost €200 million. In this way, DeLaval says it is investing in the future of dairy farming.
DeLaval has bought the company for 180 million British pounds, or just under €200 million. The buyer and seller expect to close the transaction in the first quarter of 2021. With the sale it is the intention that Milkrite will continue as an independent company, with its own board and employees. For now, CEO and CFO Craig Sage and Andrew Porter will remain where they are.
Investment in the future
With the purchase of Milkrite InterPuls, DeLaval is investing not only in the future of livestock farming, but also in a successful company with a strong brand portfolio that is recognized by dairy farmers worldwide. InterPuls already operates on several continents: Europe, the Americas and Asia.
The InterPuls product range is relatively extensive. For example, the company produces and supplies milking clusters, but also filters, inner liners, rubber milk hoses and work clothing. In 2019, the producer achieved a turnover of 50,9 million British pounds and a profit of 3,8 million British pounds. That is converted to €56,34 million and €4,21 million respectively.
AvonRubber
Milkrite InterPuls was owned by the British company Avon Rubber, a company that specializes in airway and bulletproof protection products such as bulletproof vests and gas masks for the military and first responders. The milking cluster producer only got its current name in 2015, but has been a permanent part of the company since Avon Rubber was founded in 1885. Despite this, the Avon Rubber board thought it was time to sell their dairy business.
Jorine Cosse
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