Saputo to Buy Dairy Crest; Initial Market Response Wants a Bump
Saputo Inc (SAP CN) and Dairy Crest (DCG LN) today announced an all-cash deal where Saputo will buy Dairy Crest for 620p/share, to be implemented...
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Dairy Crest (DCG LN)
Dairy Crest (DCG LN)
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Analysis
Consumer Staples • United Kingdom
Dairy Crest was a British dairy products company that manufactured and marketed cheese, butters, spreads, and oils under leading British brands such as Cathedral City, Clover, Country Life, and Frylight. It also produced value-added dairy ingredients. The company was headquartered in Esher, United Kingdom, and was founded in 1933. Dairy Crest Group plc was acquired by Saputo Inc. in April 2019 and subsequently rebranded as Saputo Dairy UK.
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