The Farmers Mart Feb/Mar 2016 - Issue 44 | Page 10

Farm News

Acquisition for Lloyds
animal feeds
C M Varley & Co, the Darlington-based manufacturer of
Animal Feed, has joined Lloyds Animal Feeds.
»»SUPPLYING THE FARMING INDUSTRY
for more than 165 years, C M Varley & Co
will become part of the The Lloyds Group.
The business will continue to operate
from its current site in Darlington and
trade as C.M Varley & Co. Ltd.

‘there were no family
members to continue
our tradition and so it
was decided to find
a buyer who shared
our family values’

The new Board of Directors will be:
From Varleys - David Helliwell (Sales
Director), and from Lloyds - Mark Meynell
(Managing Director), Ray Asquith
(Operations Director) and Steve Haycock
(Finance Director).
Commenting, Mark Meynell, said, “This
is a fantastic acquisition for the group
and complements our four existing feed
mills, which includes the Piercebridge Mill
of which we became the sole owner in
2013.
Philippa Herbert, of the Varley family
added, “Unfortunately, there were no
family members to continue our tradition
and so it was decided to find a buyer

who shared our family values and could
safeguard our legacy. We feel that we
have found the ideal partner in Lloyds”.
Clive Owen Corporate Finance are
acting as financial advisors and Ward
Hadaway is acting as legal council to C
M Varley & Co Limited. DRE & Co are
acting as financial advisors and Watson
& Watson are acting as legal council for
Lloyds Animal Feeds Limited.

‘fantastic acquisition
for the group’

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