Milk Link and Glanbia plan to embark upon a new business venture in
an effort to exploit the UK cheese market. The new formation will
be 75 per cent owned by Milk Link and 25 per cent owned by the
Express Dairies went some way towards lightening its crushing debt
load yesterday, when it sold its UHT milk and Frome Creamery
businesses to Milk Link and announced a strategic alliance and
joint venture with the farmers' co-operative.