Milbank Group snaps up global silage specialist
Family-owned investment company Milbank Group, based in Colchester, has further diversified its portfolio with the acquisition of Silostop – a London firm that helps farmers round the world produce better silage. No figures were released for the deal.
Silostop pioneered the oxygen barrier silage film and has continued to innovate with a broad range of products and systems within the agricultural sector.
Its films are used on some of the largest dairy and beef farms in the UK and globally, including use within anaerobic digestion power generation – a rapidly growing market worldwide.
Silage is an essential element within the dairy and livestock sector, providing much needed feed for animals during winter. Grasses or other crops, such as rye or maize, are cut, compressed into silage clamps and covered with films like the single layer Silostop MAX until they're ready to be fed to livestock.
While Silostop will continue to operate from its base in north Finchley, there are significant synergies with existing Milbank Group company ARK Agriculture that will strengthen and secure the future of both companies.
It is intended that the Silostop brand will join ARK Agriculture’s umbrella of agricultural solutions, including precast concrete silage clamps, silage and side wall sheets, and their ‘Secure’ branded covers, windbreaks, econoblinds and gravel bags.
ARK Agriculture is the UK leader in silage storage and is described as the only company in the UK specialising in the supply and design of the innovative and patented sloping walled silage clamp – a structure used by renewable energy projects and livestock farmers to store silage prior to feeding to cattle or anaerobic digestion plants.
The name Milbank is synonymous with precast concrete products; however, the group’s already diverse range of businesses include Cadman Cranes, Sui Generis International, ARK Agriculture, Orion Future Technology, Nicola Jane and Xanthos.
• Photograph courtesy – Milbank Group