Saputo to buy U.K.'s Dairy Crest Group for $1.7B

Friday February 22, 2019
Written by The Canadian Press
February 22, 2019 – Saputo Inc. has signed a friendly deal to buy United Kingdom-based company Dairy Crest Group plc in an agreement valued at about $1.7 billion.

Under the deal, Saputo will pay 6.20 pounds per share for the company.

Dairy Crest manufactures and sells cheese, butters, spreads and oils under British brands such as Cathedral City, Clover, Country Life and Frylight.

The company has about 1,100 employees in seven locations across the United Kingdom.

The deal is subject to approval by Dairy Crest shareholders as well as court and other approvals.

The transaction is expected to close later this year.

News from © The Canadian Press Enterprises 2019

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.