Modern Milkman Expands in US with Pine Tree Dairy Acquisition
Deal News | Apr 10, 2025 | Business Cloud
Modern Milkman, a pioneer in sustainable grocery delivery, announced its second acquisition in the United States, continuing its expansion under CEO Simon Mellin's leadership. After their move from the UK to expand in the US, Modern Milkman acquired Pine Tree Dairy's home delivery network, bolstering their presence in the Midwest, particularly Ohio. Pine Tree Dairy, known for its innovative practices, fits well with Modern Milkman's ethos of quality food and sustainable delivery. The acquisition is seen as strategic, enhancing Modern Milkman's regional footprint and leveraging Pine Tree Dairy's manufacturing capabilities, with an eye on US growth and maintaining profitability in the UK.
Sectors
- Grocery Delivery
- Sustainable Consumer Goods
Geography
- United States – The article discusses Modern Milkman's acquisitions and expansion in the US, particularly the Midwest region.
- United Kingdom – The origin of Modern Milkman and its move to the US for expansion purposes while maintaining UK profitability.
Industry
- Grocery Delivery – Modern Milkman operates in the grocery delivery industry, focusing on sustainable practices and providing direct-to-consumer services.
- Sustainable Consumer Goods – Pine Tree Dairy and Modern Milkman align on sustainability, with a focus on reducing environmental impact and innovating in eco-friendly solutions.
Financials
- 50 million GBP – Investment raised by Modern Milkman from investors including Insight Partners, Praetura Ventures, ETF Partners and Avery Dennison.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Modern Milkman | Acquirer | Company | A sustainable grocery delivery company expanding in the US market. |
| Pine Tree Dairy | Target Company | Company | A dairy company with a home delivery network acquired by Modern Milkman. |
| Simon Mellin | CEO | Person | CEO and founder of Modern Milkman, overseeing US expansion. |
| Steiner family | Partner | People | The current operators of Pine Tree Dairy, partnering with Modern Milkman post-acquisition. |