Done Deal: Dale Farm
Size & Scale
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.
Financing Event: Growth
PNC Deal Leader: Alistair Hood
We were delighted to select PNC after a very competitive European wide tender of our debt requirements. PNC demonstrated a clear understanding of our business and a deep appreciation of both our working capital and capex requirements. As a result, they were able to provide a market leading Asset Based Lending facility and overall competitive debt structure that provides a strong platform for us to continue to grow our business in the years ahead.
- Oliver McAllister | Group Chief Financial Officer, Dale Farm