The UK’s largest milk supplier Robert Wiseman Dairies is to be acquired by Muller in a £279m deal.
The Glasgow dairy has sold over half of its shares, with shareholders yet to accept the deal.
Robert Wiseman, chairman of Robert Wiseman Dairies commented: “Wiseman has its origins as a family business and, since listing in 1994, my family has retained a significant stake in the business. It is heartening to know that the business will become part of another family-owned business in Müller.
“Müller's offer represents an attractive price for an outstanding business and Müller recognises the importance of Wiseman's management (who will continue to lead the business alongside Müller), employees and our best-in-class assets. These factors have contributed to the Board's recommendation of this transaction,” he added.