Done Deal: Dale Farm

Dale Farm is a leading dairy Cooperative, headquartered in Northern Ireland, which operates 8 divisions from locations across the UK. The group, which has a turnover in excess of £600m, spans the food chain, from animal feed and milk production, through to consumer products including cheese, butter and milk beverages. Dale Farm’s dairy products are supplied into retail, foodservice and ingredients markets in more than 45 countries, with a particularly strong focus in the UK retail market.

Need:

Dale Farm reviewed its existing facilities to ensure it could provide the required working capital requirements of the Cooperative and also support the construction of new processing capacity to drive its growth.

Solution:

PNC was selected, after an extensive and thorough review process, because of its ability to provide a comprehensive and competitive bilateral Asset Based Lending facility. PNC’s solution will support Dale Farm in meeting the growing customer demand for its quality products and securing the long-term future of the dairy farmer members and their families.

Results:

The new state-of-the-art processing investment will substantially increase Dale Farm’s production capacity. Having partnered with the UK’s fastest growing retailers, together with Dale Farm’s market leadership in the bulk dairy markets, Dale Farm’s key investment will swiftly deliver substantial market impact.