Dairy Crest acquired by Saputo
25 Feb 2019Canada’s Saputo is to acquire the UK’s Dairy Crest, whose brands include Cathedral City, Clover, Country Life and Frylight, in a transaction valuing the latter at £975 million.

Canada’s Saputo is to acquire the UK’s Dairy Crest in a transaction valuing the latter at £975 million. Dairy Crest manufactures and markets cheese, butters, spreads and oils under leading British brands, such as Cathedral City, Clover, Country Life and Frylight, and value-added dairy ingredients. Dairy Crest employs approximately 1,100 people in seven locations across the United Kingdom. For the year ended March 31, 2018, Dairy Crest had revenues of approximately £456.8 million and profit after tax for the period of approximately £149.5 million. For the six months ended September 30, 2018, Dairy Crest had revenues of approximately £224.9 million and profit after tax for the period of approximately £14.5 million.
The transaction will, says Saputo, enable it to expand its international presence and enter the UK market by acquiring and investing in a well-established and successful industry player with a solid asset base and an experienced management team. Dairy Crest is, the company says, an attractive platform which fits with Saputo's growth strategy.Related news

Dairy butter carbon footprint is 3.5 times larger than plant-based spreads, says Upfield
25 Apr 2022
Plant-based margarine manufacturer Upfield says its spreads have a 70% smaller carbon footprint, require half the amount of water and use two-thirds less land across the product cycle when compared to conventional butter, according to a life cycle...
Read more
China leads the global boom for probiotics
30 Mar 2022
Probiotics are experiencing a boom in global demand - particularly in China - as consumers look for functional ingredients in food and drink products that can improve their health.
Read more
Butter is Better: Keto is driving resurgence as a premium product
11 Feb 2022
After years of being shunned as an ingredient, fat is back thanks in large part to the popularity of the keto diet. The market for keto products is growing steadily with the global value of this category forecast to reach $15.6 billion by 2027, accordi...
Read more
Oats growing in popularity, winning awards and consumer favour
10 Feb 2022
Oats have transformed from a breakfast ingredient to an increasingly common plant-based option, appearing in a multitude of applications.
Read more
Chobani debuts plant-based coffee creamer
21 Jan 2022
After two years of producing dairy- and oat-based coffee creamers, Chobani is branching into plant-based coffee pairing options with the debut of Chobani Plant-Based Coffee Creamers. These creamers come in four flavors: Caramel Macchiato, Chocolate Haz...
Read more
Animal-free dairy company raises $120M for commercialization
18 Jan 2022
Israeli animal-free dairy company Remilk raised $120 million in a Series B funding round led by Hanaco Ventures with participation from a number of other investors, including Impossible Foods backer CPT Capital, plant-based protein company Just, Yofix,...
Read more
Chobani Sales surge as it moves closer to IPO
26 Nov 2021
Greek yogurt company Chobani saw its sales hit $1.2 billion as of Sept. 25 this year. That is only $200 million short of what the company recorded for all of 2020, when its sales rose 5.2% to $1.4 billion last year, according to a filing with the Secur...
Read more
Cell-cultured dairy company maker TurtleTree closes $30M in Series A
8 Nov 2021
Singapore’s TurtleTree successfully closed a $30 million Series A funding round led by Verso Capital. This investment is one of the largest rounds to date in Asia’s cell-based food sector and brings TurtleTree’s total investment figure to $40 million.
Read more
EU approves protein ingredient from Eat Just
25 Oct 2021
Eat Just, the company behind the mung bean-based Just Egg, received approval from the European Food Safety Authority (EFSA) stating that its novel mung bean protein used in its egg substitute is safe for consumption. It is the first novel legume protei...
Read more
Clara Foods rebrands as the EVERY Company and launches animal-free egg
20 Oct 2021
Fermentation startup Clara Foods announced it is rebranding as the EVERY Company at the same time that it is launching the world’s first animal-free, nature-equivalent egg protein — ClearEgg.
Read moreAre you a supplier?
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation