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Saputo Dairy UK

From Wikipedia, in a visual modern way
Saputo Dairy UK
FormerlyDairy Crest plc
TypeLimited Company
IndustryDairy Products
Founded1981
HeadquartersWeybridge, Surrey, United Kingdom
Key people
Tom Atherton
(President And COO)
ProductsCathedral City (cheese)
Clover
Petits Filous
Revenue£456.8 million (2018)[1]
£71.4 million (2018)[1]
£149.5 million (2018)[1]
OwnerSaputo Inc.
Number of employees
1,097 (2018)[1]
Websiteuk.saputo.com

Saputo Dairy UK Limited is a holding company for Dairy Crest Limited, a British dairy products company. It was created in 2019 when the Canadian company Saputo Inc bought Dairy Crest. Dairy Crest itself was created in 1981 as a spin-off of the Milk Marketing Board.[2][3] Its brands include Saputo Dairy UK, Cathedral City Cheddar Cheese, Country Life Butter, Utterly Butterly, Vitalite and Clover.

Dairy Crest processed and sold milk (wholesale and via doorstep deliveries) and owned the milkshake brand Frijj until the sale of that part of the business to Germany’s Müller in 2015. The company was listed on the London Stock Exchange as Dairy Crest plc, until it was acquired by Saputo in 2019.[4] Saputo rebranded the company under its own name later that year.

Discover more about Saputo Dairy UK related topics

Holding company

Holding company

A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group.

Saputo Inc.

Saputo Inc.

Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.

Milk Marketing Board

Milk Marketing Board

The Milk Marketing Board was a producer-run product marketing board, established by the Agricultural Marketing Act 1933, to control milk production and distribution in the United Kingdom. It functioned as buyer of last resort in the milk market in Britain, thereby guaranteeing a minimum price for milk producers. It also participated in the development of milk products, introducing Lymeswold cheese. It was based at Thames Ditton in Surrey.

Cathedral City Cheddar

Cathedral City Cheddar

Cathedral City is a brand of Cheddar cheese which is manufactured by Saputo Dairy UK in Cornwall in the United Kingdom. Cathedral City's brand and logo is based on Wells Cathedral in Somerset.

Vitalite

Vitalite

Vitalite is a sunflower oil based spread, produced by Dairy Crest in Kirkby, Merseyside.

Clover (spread)

Clover (spread)

Clover is a brand of soft spread sold in the United Kingdom that is produced by Saputo Dairy UK. It resembles butter but is easier to spread when cold. Its ingredients include vegetable fat and buttermilk. The brand was launched in September 1983 and is claimed to be worth £81m at retail value. It is made in Kirkby near Liverpool, Merseyside.

Milk

Milk

Milk is a white liquid food produced by the mammary glands of mammals. It is the primary source of nutrition for young mammals before they are able to digest solid food. Immune factors and immune-modulating components in milk contribute to milk immunity. Early-lactation milk, which is called colostrum, contains antibodies that strengthen the immune system, and thus reduces the risk of many diseases. Milk contains many nutrients, including protein and lactose.

Milkshake

Milkshake

A milkshake is a sweet beverage made by blending milk, ice cream, and flavorings or sweeteners such as butterscotch, caramel sauce, chocolate syrup, fruit syrup, or whole fruit into a thick, sweet, cold mixture. It may also be made using a base made from non-dairy products, including plant milks such as almond milk, coconut milk, or soy milk.

Frijj

Frijj

Frijj is a brand of milkshake sold mainly in the United Kingdom. Today it is produced by Müller. It was first launched in 1993 by Dairy Crest. Frijj is sold in five permanent flavours: strawberry, chocolate, banana, fudge brownie and cookie dough.

Müller (company)

Müller (company)

Müller is a German company producing a variety of dairy products, with headquarters in Fischach in the German state of Bavaria. Aside from its German home market, Müller is also active on various markets around Europe and beyond. It is, for example, one of the best selling yogurt brands in the United Kingdom.

London Stock Exchange

London Stock Exchange

London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. As of November 2021, the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group. The LSE was the most-valued stock exchange in Europe from 2003 when records began until Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe's largest stock exchange 10 days later. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to the 2020 Financial Conduct Authority (FCA) report, approximately 15% of UK adults reported having investments in stocks and shares.

History

Dairy Crest was established in 1981 as the milk processing arm of the Milk Marketing Board.[5] In 1983, the company launched Clover, a dairy spread.[5] The company established a joint venture with French dairy company Yoplait in 1981, called Yoplait Dairy Crest (sometimes abbreviated to YDC). YDC is 51% owned by Yoplait and 49% by Dairy Crest, and distributes Yoplait brand products in the UK.[5]

In 1995, Dairy Crest bought the Cathedral City brand of cheese from Mendip Foods Ltd.[5] The business was privatised the following year and Dairy Crest was listed on the London Stock Exchange.[5]

Logo of Dairy Crest
Logo of Dairy Crest

In 2000, Dairy Crest acquired the dairy and cheese products division of Unigate in London,[5] and in 2002 bought the St Ivel spreads company, which had been based in Wootton Bassett in Wiltshire.[5] In 2004, it acquired the Country Life butter brand from the English Butter Marketing Company,[5] and Express Dairies from Arla Foods in 2006 for £33 million.[6]

The company sold the majority of its own-label cheese business to its Scottish equivalent First Milk in 2006, along with the creameries and factory that produce most of the products concerned.[7] In 2007, Dairy Crest bought St Hubert for £248 million, securing the Cholegram, Le Fleurier, Omega 3 and Vallé brands, which were subsequently sold in 2012 to Montagu Private Equity for €430 million (£347 million).[8]

Sale of milk business

A Dairy Crest Smith's Elizabethan Milk Float (January 2008)
A Dairy Crest Smith's Elizabethan Milk Float (January 2008)

Dairy Crest sold its doorstep milk delivery operations in the North West of England in July 2013 to Creamline Dairies who now operate the milk rounds from the depots in Warrington, Flixton, Stockport and Macclesfield and Mortons operate all those in Wirral, Chester and Liverpool.[9] Dairy Crest announced a big slump in profits on 6 November 2014 which was down 95% to £900,000 in the six months to September.[10]

The company agreed the sale of its entire legacy milk business, which processes and distributes milk, as well as the Frijj milkshake brand, to Germany’s Müller for £80 million, enabling it to be combined with Müller’s existing subsidiary, Müller Wiseman Dairies. The sale was approved by the Competition and Markets Authority on 19 October 2015,[11] and completed the following December.[12]

Acquisition by Saputo

It was announced in 2019 that Canadian dairy company Saputo Inc would be buying Dairy Crest.[13]

The company was valued at £975 million, making each share worth 620p.[14] The transaction was completed on 15 April 2019.[15] At the time of the sale, Dairy Crest was the fourth largest dairy company in the UK based on turnover.[16] Saputo renamed the business under its own brand in July 2019, though Dairy Crest Limited remained the principal legal entity.[17][2]

Discover more about History related topics

Milk Marketing Board

Milk Marketing Board

The Milk Marketing Board was a producer-run product marketing board, established by the Agricultural Marketing Act 1933, to control milk production and distribution in the United Kingdom. It functioned as buyer of last resort in the milk market in Britain, thereby guaranteeing a minimum price for milk producers. It also participated in the development of milk products, introducing Lymeswold cheese. It was based at Thames Ditton in Surrey.

France

France

France, officially the French Republic, is a country located primarily in Western Europe. It also includes overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans, giving it one of the largest discontiguous exclusive economic zones in the world. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea; overseas territories include French Guiana in South America, Saint Pierre and Miquelon in the North Atlantic, the French West Indies, and many islands in Oceania and the Indian Ocean. Its eighteen integral regions span a combined area of 643,801 km2 (248,573 sq mi) and had a total population of over 68 million as of January 2023. France is a unitary semi-presidential republic with its capital in Paris, the country's largest city and main cultural and commercial centre; other major urban areas include Marseille, Lyon, Toulouse, Lille, Bordeaux, and Nice.

Cheese

Cheese

Cheese is a dairy product produced in wide ranges of flavors, textures, and forms by coagulation of the milk protein casein. It comprises proteins and fat from milk. During production, milk is usually acidified and either the enzymes of rennet or bacterial enzymes with similar activity are added to cause the casein to coagulate. The solid curds are then separated from the liquid whey and pressed into finished cheese. Some cheeses have aromatic molds on the rind, the outer layer, or throughout.

London Stock Exchange

London Stock Exchange

London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. As of November 2021, the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group. The LSE was the most-valued stock exchange in Europe from 2003 when records began until Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe's largest stock exchange 10 days later. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to the 2020 Financial Conduct Authority (FCA) report, approximately 15% of UK adults reported having investments in stocks and shares.

London

London

London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a 50-mile (80 km) estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as Londinium and retains its medieval boundaries. The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which since 1965 has largely comprised Greater London, which is governed by 33 local authorities and the Greater London Authority.

Express Dairies

Express Dairies

Express Dairies is a former brand of Dairy Crest, that specialised almost entirely in home deliveries of milk, and other dairy products.

Arla Foods

Arla Foods

Arla Foods amba is a Danish-Swedish multinational cooperative based in Viby, Denmark, and the largest producer of dairy products in Scandinavia, and the largest dairy in the United Kingdom.

First Milk (company)

First Milk (company)

First Milk is a company based in the United Kingdom that supplies milk, cheese and other dairy products. It is a farmer owned co operative, that had about 2,200 members from 2010 to 2011. The company supplies products, to the United Kingdom and international markets.

Montagu Private Equity

Montagu Private Equity

Montagu is a mid-market private equity firm with a specialism in carve-out transactions and other first-time buyout investments. Montagu partners with companies with multi-million dollar enterprise values. Headquartered in London, Montagu also has offices in Paris, Frankfurt, Warsaw and Luxembourg.

Smith Electric Vehicles

Smith Electric Vehicles

Smith Electric Vehicles is a manufacturer of electric trucks. The company, founded in 1920 in the north of England, moved its headquarters to Kansas City, Missouri in 2011. Smith suspended all operations in 2017.

North West England

North West England

North West England is one of nine official regions of England and consists of the administrative counties of Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside. The North West had a population of 7,052,000 in 2011. It is the third-most-populated region in the United Kingdom, after the South East and Greater London. The largest settlements are Manchester and Liverpool.

Flixton, Greater Manchester

Flixton, Greater Manchester

Flixton is a suburb and electoral ward in the Metropolitan Borough of Trafford, Greater Manchester, England. The population of the ward at the 2011 census was 10,786. It lies six miles (9.7 km) southwest of Manchester city centre, in the historic county of Lancashire.

Operations

The company supplies cheese, spreads and drinks. Cheese brands include Cathedral City, Davidstow Cheddar and Wexford.[18] Spread brands include Clover, Country Life, Utterly Butterly, Vitalite and Willow.[18] Spread and Frylight cooking spray production is consolidated at Kirkby.[19] Davidstow Creamery in Cornwall has been run by the company since 1981.

At Truro Crown Court in December 2021, Dairy Crest admitted charges relating to a series of incidents of serious pollution between December 2015 and January 2021, including the illegal discharge of "biological sludge" and "suspended solids" from its creamery at Davidstow into the River Inny, Cornwall.[20] Fines of £1.52 million were imposed on the company in June 2022.[21]

Plans for the Crudgington Creamery to close were announced in 2012.[22] The Creamery closed in May 2014, when production of spreads was concentrated at Kirkby while the research and development facility was transferred to an innovation centre built by the company at Harper Adams University.[23]

Discover more about Operations related topics

Cheese

Cheese

Cheese is a dairy product produced in wide ranges of flavors, textures, and forms by coagulation of the milk protein casein. It comprises proteins and fat from milk. During production, milk is usually acidified and either the enzymes of rennet or bacterial enzymes with similar activity are added to cause the casein to coagulate. The solid curds are then separated from the liquid whey and pressed into finished cheese. Some cheeses have aromatic molds on the rind, the outer layer, or throughout.

Cathedral City Cheddar

Cathedral City Cheddar

Cathedral City is a brand of Cheddar cheese which is manufactured by Saputo Dairy UK in Cornwall in the United Kingdom. Cathedral City's brand and logo is based on Wells Cathedral in Somerset.

Davidstow Cheddar

Davidstow Cheddar

Davidstow Cheddar is a brand of Cheddar cheese manufactured by Dairy Crest, at the Davidstow Creamery in Cornwall, England, United Kingdom, alongside Cathedral City Cheddar.

Clover (spread)

Clover (spread)

Clover is a brand of soft spread sold in the United Kingdom that is produced by Saputo Dairy UK. It resembles butter but is easier to spread when cold. Its ingredients include vegetable fat and buttermilk. The brand was launched in September 1983 and is claimed to be worth £81m at retail value. It is made in Kirkby near Liverpool, Merseyside.

Vitalite

Vitalite

Vitalite is a sunflower oil based spread, produced by Dairy Crest in Kirkby, Merseyside.

Kirkby

Kirkby

Kirkby is a town in the Metropolitan Borough of Knowsley, Merseyside, England. The town, historically in Lancashire, has a size of 4,070 acres (16.5 km2) is 5 miles (8 km) north of Huyton and 6 miles (10 km) north-east of Liverpool. The population in 2016 was 41,495 making it the largest in Knowsley and the 9th biggest settlement in Merseyside.

Davidstow Creamery

Davidstow Creamery

The Davidstow Creamery is a manufacturing plant in Cornwall; it makes Cathedral City mature Cheddar cheese. It is the largest cheese factory in the UK, and the largest mature cheddar plant in the world.

Truro Crown Court

Truro Crown Court

Truro Crown Court is a Crown Court venue which deals with criminal cases at Edward Street in Truro, Cornwall, England. It is a Grade II* listed building.

Davidstow

Davidstow

Davidstow is a civil parish and village in north Cornwall, England, United Kingdom. The village is north of Bodmin Moor straddling the A395 road about 3 miles (5 km) north of Camelford. The hamlets of Hallworthy, Hendraburnick, Tremail and Trewassa are in the parish. It was formerly known as Dewstow(e).

Crudgington

Crudgington

Crudgington is a village in the borough of Telford and Wrekin and ceremonial county of Shropshire, England. It is situated in the civil parish of Waters Upton, a village to the north, and is 7 miles north-west of Telford. Nearby is the confluence of the rivers Tern and Strine; the village lies at an elevation of 55 metres (180 ft).

Harper Adams University

Harper Adams University

Harper Adams University, founded in 1901 as Harper Adams College, is a public university located close to the village of Edgmond, near Newport, in Shropshire, England. Established in 1901, the college is a specialist provider of higher education for the agricultural and rural sector. It gained university college status in 1998, and university status in 2012 when the requirements were relaxed.

Source: "Saputo Dairy UK", Wikipedia, Wikimedia Foundation, (2023, January 2nd), https://en.wikipedia.org/wiki/Saputo_Dairy_UK.

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Further Reading

Tillamook County Creamery Association

Clover (spread)

Saputo Inc.

St Ivel

Express Dairies

Wensleydale Creamery

Davidstow Cheddar

List of cheesemakers

Bega Group

Dairy industry in the United Kingdom

Davidstow Creamery
References
  1. ^ a b c d "Annual Report 2018" (PDF). Dairy Crest. Retrieved 17 March 2019.
  2. ^ a b "Dairy Crest becomes Saputo Dairy UK". dairyreporter.com. Retrieved 7 July 2020.
  3. ^ "SAPUTO DAIRY UK LTD - Filing history (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 7 July 2020.
  4. ^ "Dairy Crest name to disappear as it rebrands to Saputo Dairy UK". www.thegrocer.co.uk. 15 May 2019. Retrieved 14 August 2020.
  5. ^ a b c d e f g h "Dairly Crest History". Archived from the original on 18 September 2008. Retrieved 25 August 2008.
  6. ^ Mark Tran (24 July 2006). "Dairy Crest buys rival to expand milk round". The Guardian. Retrieved 26 March 2015.
  7. ^ "BBC NEWS - Business - Dairy Crest sells cheese business". bbc.co.uk. 26 September 2006. Retrieved 26 March 2015.
  8. ^ "Dairy Crest sells St Hubert". www.ft.com. 29 June 2012. Archived from the original on 11 December 2022. Retrieved 10 July 2022.
  9. ^ "Creamline FAQs - General FAQs - Help and Support". creamline.co.uk. Retrieved 26 March 2015.
  10. ^ "Dairy Crest sells milk operations as profits slump". BBC News. 6 November 2014. Retrieved 6 November 2014.
  11. ^ Ratcliffe, Madeline (19 October 2015). "Dairy Crest share price rises as CMA approves Muller takeover". City AM. Retrieved 23 October 2015.
  12. ^ Daneshkhu, Scheherazade (28 December 2015). "Dairy Crest loses taste for UK milk production with Müller deal". Financial Times. Archived from the original on 11 December 2022. Retrieved 28 December 2015.
  13. ^ "Cathedral City firm to be bought for £975m". BBC News. 22 February 2019. Retrieved 22 February 2019.
  14. ^ Onita, Laura (22 February 2019). "Dairy Crest deal set to net boss Mark Allen £4.8 million". Evening Standard. Retrieved 22 February 2019.
  15. ^ "Saputo completes acquisition of Dairy Crest". Food Manufacture. 18 April 2019. Retrieved 19 April 2019.
  16. ^ White, Kevin. "Who owns the dairy industry? The 10 biggest dairy companies in the UK". The Grocer. Retrieved 7 July 2020.
  17. ^ Sandercock, Henry (4 July 2019). "Dairy Crest brand replaced by new owner Saputo". The Grocer. Retrieved 12 April 2020.
  18. ^ a b "Dairy Crest: Brands". Archived from the original on 12 March 2010. Retrieved 20 March 2010.
  19. ^ "Dairy Crest: Locations". Archived from the original on 27 March 2010. Retrieved 20 March 2010.
  20. ^ "Discharge from Davidstow Cathedral City cheese factory poisoned fish". BBC News. 10 December 2021. Retrieved 13 December 2021.
  21. ^ "Davidstow Cathedral City cheese firm pollution fine". BBC News. 23 June 2022. Retrieved 23 June 2022.
  22. ^ "Dairy Crest to close Shropshire creamery". farming.co.uk. 21 September 2012. Retrieved 14 August 2020.
  23. ^ Emma Walker (12 June 2015). "Demolition to start at creamery, Landmark buildings to disappear". Shropshire Star. p. 6.
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