The firm said that £4M was the total debt owed by Quadra and that it was examining options to reduce the amount involved.
“We expect to treat any charge as an exceptional item in 2011/12 and as such it will not impact on our dividend considerations,” according to a statement from the firm.
Isolated incident
“Dairy Crest has annual sales of £1.6bn and this is an isolated incident. It will have no material effect on our year end borrowings.”
The Farmright Group, which includes Quadra Foods, went into administration last week. Quadra produces a range of dairy products, including milk in laminated sachets under the brand name Dairystix.
The Plymouth-group employs about 100 people at its head office on the Langage Science Park in Plymouth.