UK-based Dairy Crest has completed the divestment of its French branded spreads business St Hubert to Montagu Private Equity in an all-cash deal of EUR430m. In July 2012,Dairy Crest entered into an agreement to divest its French branded ...
Tags: all-cash deal, divestment, spreads business, dairy
UK-based Dairy Crest has cleared the final hurdle in the divestment of its French branded spreads business St Hubert to Montagu Private Equity,with its shareholders approving the€430m deal. The company has also received clearance of ...
Tags: hurdle, shareholders, strategic acquisitions
The Scottish government has unveiled a five-point action plan aimed at tackling pricing issues in the dairy industry. The plan was announced by Rural Affairs Secretary Richard Lochhead yesterday (12 July) following a meeting with NFU ...
Tags: milk, dairy, dairy processors, five-point action plan, dairy farmers
Dairy Crest is set to launch Clover Seedburst,the UK's first spread with added seeds and whole grains. With the launch,Dairy Crest is planning to attract new shoppers into the Clover brand,which appeals to health-focused ...
Tags: Clover Seedburst, whole grains, added seeds
UK dairy processor Dairy Crest is the latest firm to announce a cut to its farmgate milk price. The company announced a 1.65ppl cut this morning(3 July)for those on a standard liquid agreement.The cut will take effect from 1 August. ...
Dairy Crest has received a binding offer for its French branded spread business St Hubert from Montagu Private Equity. Montagu,one of the firms originally reported to have shown an interest in acquiring the firm,is offering a ...
Tags: debt, St Hubert, acquisition, shareholders
The global food industry has seen a raft of M&A activity this week with Flowers Food's purchase of Lepage Bakeries, Olam's acquisition of Usina Açucareira Passos, and Booker's deal to buy the local cash-and-carry assets of German ...
A raft of earnings results kept the just-food news desk busy this week. M&S chief executive Marc Bolland insisted its product development sets it apart from rival grocers, while Campbell Soup CEO Denise Morrison expressed her disappointment ...
A raft of first-quarter results stories this week from the likes of Danone and Nestle, and full-year results from Tesco have kept analysts busy. In addition to Tesco's sales figures, the group's CEO Philip Clarke revealed further details of ...
Tags: Danone, Nestle, nutrition business, food, salmonella