Irish miller in negotiations for Spillers flour mills
March 01, 1999
by Teresa Acklin
DUBLIN, IRELAND IAWS Group P.L.C., Ireland's second-largest flour miller, is negotiating with Tomkins P.L.C. for the purchase of four Spillers flour mills in the United Kingdom, the company's chief executive told The Irish Times recently.
Philip Lynch, IAWS chief executive, made the announcement after the company's annual meeting in Dublin recently. “We decided to bid for all four mills and would even have liked to bid for the six Spillers mills,” he told The Irish Times.
IAWS also is seeking cost quotations for construction of a state-of-the-art flour mill in Dublin, Mr. Lynch said.
According to the newspaper, Greencore Group P.L.C., an Irish flour milling, malting and sugar refining group, also is in negotiations with Tomkins, but is only interested in one of the Spillers mills.
Tomkins, based in London, last year purchased the six Spillers flour mills from Kerry Group, which had acquired the mills from Dalgety. But the transaction was challenged by the U.K. Office of Fair Trading, and the Trade and Industry Secretary, on the recommendation of the Monopolies and Mergers Commission, ordered Tomkins to divest four of the six mills.