The food service delivery operation was acquired two years ago as part of the Dairy
Crest dairies business, and represents less than 2 % of the company's turnover.
Not exact matches
Dairy Crest is proposing to close two
dairies as part of its long term plan to reduce costs and sustain profitability at its liquid milk
business.
UK
dairy group Dairy Crest is reported to planning to move into the # 1.2 b yoghurt market either through developing its own business or by acquisi
dairy group
Dairy Crest is reported to planning to move into the # 1.2 b yoghurt market either through developing its own business or by acquisi
Dairy Crest is reported to planning to move into the # 1.2 b yoghurt market either through developing its own
business or by acquisition.
The group is continuing to benefit from being a broadly based
business, with a strong performance from the cheese
business compensating for more challenging trading in
Dairy Crest's spreads and
dairies businesses.
Dairy Crest's revenue rose by 2 % to # 1.63 billion during the year, with its Foods
business growing -LSB-...]
However, along with the rest of the sector, our
Dairies business is under sustained pressure and we have to continue to act decisively to protect its future,» says Mark Allen, chief executive of
Dairy Crest.
UK
dairy group Dairy Crest has strengthened its spreads business with the # 13m acquisition of MH Foods, which manufactures healthy «one calorie» spray cooking oils and salad dress
dairy group
Dairy Crest has strengthened its spreads business with the # 13m acquisition of MH Foods, which manufactures healthy «one calorie» spray cooking oils and salad dress
Dairy Crest has strengthened its spreads
business with the # 13m acquisition of MH Foods, which manufactures healthy «one calorie» spray cooking oils and salad dressings.
Dairy Crest has performed solidly during the first six months of the year, benefiting from being a broadly based dairy business with strong br
Dairy Crest has performed solidly during the first six months of the year, benefiting from being a broadly based
dairy business with strong br
dairy business with strong brands.
Whatever the results of the review,
Dairy Crest will continue to develop its broadly based UK
business including its strong portfolio of brands (Cathedral City, Country Life, Clover and Frijj).
«The closure of butter and powder operations at Chard is in line with our strategy to increase our focus on developing our added value and branded
businesses and will significantly reduce our exposure to the commodity ingredients market,» said
Dairy Crest Group chief executive Drummond Hall.
Mark Allen,
Dairy Crest chief executive, said that since the sale of the
dairies business in December 2015,
Dairy Crest has been looking to work with third parties to ensure the efficient use of supply chain assets, and to attract new clients.
In addition,
Dairy Crest will continue to invest in the development of its alcoholic butters, creams and sauces
business, with manufacturing remaining at Chard.
Dairy Crest believes that the complete ownership of Promovita will benefit its shareholders as it allows the dairy company to have sole control over the GOS business and to gain advantage of the benefits derived from this busi
Dairy Crest believes that the complete ownership of Promovita will benefit its shareholders as it allows the
dairy company to have sole control over the GOS business and to gain advantage of the benefits derived from this busi
dairy company to have sole control over the GOS
business and to gain advantage of the benefits derived from this
business.
Britain's
Dairy Crest could be on the verge of adding Uniq's St Ivel spreads business to its portfolio, a move which would allow the dairy products group to rival Unilever in the spreads ma
Dairy Crest could be on the verge of adding Uniq's St Ivel spreads
business to its portfolio, a move which would allow the
dairy products group to rival Unilever in the spreads ma
dairy products group to rival Unilever in the spreads market.
Dairy Crest had long been tipped as the leading candidate to acquire the St Ivel spreads
business from Uniq, a rumour which has now been confirmed by the two UK groups.
As of November,
Dairy Crest's four
business divisions will be consolidated into two operating units: foods, comprising spreads and cheese, and
dairies, comprising liquid products and ingredients as well as the household unit, which includes its milk delivery unit.
The move comes after last month's trading statement, in which CEO Drummond Hall said that
Dairy Crest's priority in the second half would be «to address the ongoing profitability of the fresh milk
business while continuing to invest in developing brands».
The «scale and scope»
Dairy Crest's current efforts to restructure its lagging
Dairies and Spreads
businesses has been «overlooked», according to stock brokerage Panmure Gordon.
Dairy Crest has also continued to invest in other parts of the business; for example, at Foston where a modern greenfield dairy has been created, readily capable of further expan
Dairy Crest has also continued to invest in other parts of the
business; for example, at Foston where a modern greenfield
dairy has been created, readily capable of further expan
dairy has been created, readily capable of further expansion.
Investment until now had been focused on the cheese
business, where following the opening of the new Nuneaton packing plant,
Dairy Crest has a world - class supply chain supporting its Cathedral City brand.
«
Dairy Crest has changed from the predominantly commodity focused, UK based business that it was fifteen years ago to an added value dairy food company with a significant profit stream from continental Eu
Dairy Crest has changed from the predominantly commodity focused, UK based
business that it was fifteen years ago to an added value
dairy food company with a significant profit stream from continental Eu
dairy food company with a significant profit stream from continental Europe.
Overall
Dairy Crest's cheese and spreads
businesses have performed in line with its expectations during the first quarter and the outlook for the full year remains unchanged.