UK sports nutrition specialist CNP Professional has been sold to The Protein Partners for an undisclosed fee. Based in Hyde, in Greater Manchester, CNP was previously owned by dairy and nutrition firm First Milk.
Mike Gallacher, CEO of First Milk said, “The sale of CNP follows a full strategic review by the board last year. It is the final step in allowing us to focus even more closely on our core businesses in hard cheese and liquid brokering.
“This focus is delivering improved milk prices and a more sustainable business model for our farmer shareholders.”
Gallacher added that the sale to The Protein Partners was a “good deal” for CNP’s employees, customers and consumers. “The brand CNP and the Hyde site will form a key part of the future strategy of the Protein Partners and as such the sale protects employment at the site.”
