{"id":7805,"date":"2019-02-22T09:42:47","date_gmt":"2019-02-22T09:42:47","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/cathedral-city-maker-dairy-crest-to-be-bought-by-canadas-saputo\/"},"modified":"2019-02-22T09:42:47","modified_gmt":"2019-02-22T09:42:47","slug":"cathedral-city-maker-dairy-crest-to-be-bought-by-canadas-saputo","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/cathedral-city-maker-dairy-crest-to-be-bought-by-canadas-saputo\/","title":{"rendered":"Cathedral City maker Dairy Crest to be bought by Canada&#8217;s Saputo"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Cathedral City cheese image\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/14676\/production\/_105747538_cathedral-city-image_1382x645.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Dairy Crest<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Dairy Crest, whose brands include Cathedral City cheddar and Country Life butter, has agreed to be bought by a Canadian company in a near-\u00a31bn deal.<\/p>\n<p>Saputo, one of the biggest dairy processors in the world, will pay 620p a share for Dairy Crest, valuing the company at about \u00a3975m.<\/p>\n<p>The Canadian firm has expanded rapidly in recent years through acquisitions.<\/p>\n<p>The deal is its first in Europe and Saputo said Dairy Crest was an &#8220;attractive platform&#8221; for UK growth.<\/p>\n<p>Saputo chairman and chief executive Lino Saputo Jr said: &#8220;We believe that under Saputo ownership, Dairy Crest will be able to accelerate its long-term growth and business development potential and provide benefits to Dairy Crest&#8217;s employees and stakeholders.&#8221;<\/p>\n<figure class=\"media-landscape no-caption body-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<h2 class=\"story-body__crosshead\">Dairy Crest&#8217;s brands<\/h2>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\">Cathedral City cheese<\/li>\n<li class=\"story-body__list-item\">Davidstow cheese<\/li>\n<li class=\"story-body__list-item\">Country Life butter<\/li>\n<li class=\"story-body__list-item\">Clover<\/li>\n<li class=\"story-body__list-item\">Utterly Butterly<\/li>\n<li class=\"story-body__list-item\">Frylight<\/li>\n<li class=\"story-body__list-item\">Vitalite<\/li>\n<\/ul>\n<figure class=\"media-landscape no-caption body-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>The Canadian firm said that, under its ownership, Dairy Crest would continue to manufacture its products from its existing UK facilities.<\/p>\n<p>It also intends that the management of its UK operations will continue to be based in Surrey, England.<\/p>\n<p>Dairy Crest&#8217;s board has unanimously recommended that shareholders accept Saputo&#8217;s offer.<\/p>\n<p>The chairman of Dairy Crest, Stephen Alexander, said: &#8220;The acquisition should enable Dairy Crest to benefit from Saputo&#8217;s global expertise and strong financial position to fulfil and accelerate its growth ambitions.<\/p>\n<p>&#8220;The businesses have strong shared values and the board is confident that Saputo&#8217;s plans to invest in and grow the Dairy Crest business mean the proposed transaction is positive for all its stakeholders.&#8221;<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-47329330\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Dairy Crest Dairy Crest, whose brands include Cathedral City cheddar and Country Life butter, has agreed to be bought by a Canadian company in a near-\u00a31bn deal. Saputo, one of the biggest dairy processors in the world, will pay 620p a share for Dairy Crest, valuing the company at about \u00a3975m. The Canadian &hellip; <\/p>\n","protected":false},"author":0,"featured_media":7806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=7805"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/7806"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}