The amount of the deal was not disclosed.
The company intends to use the funds to grow the business through organic expansion and acquisitions.
Founded in 1992, Meadow Foods is the UK’s largest independently owned dairy group and supplier of milk based dairy ingredients to the food industry. It currently handles more than 500 million litres of milk each year direct from over 550 farmer suppliers from across the North of England, Midlands and North & West Wales.
The company, which operates from factories in Chester, Peterborough and Holme-on-Spalding Moor, now employs more than 275 people.