|Traded as||LSE: DCG|
|Headquarters||Esher, Surrey, UK|
|Key people||Stephen Alexander (Chairman)
Mark Allen (CEO)
|Revenue||£1,381.6 million (2013)|
|Operating income||£68.9 million (2013)|
|Net income||£54.5 million (2013)|
Dairy Crest Group plc is a leading British dairy products company. Its brands include Cathedral City Cheddar cheese, Country Life butter and milk, Utterly Butterly, Vitalite, Clover and Frijj. The company delivers milk to around 715,000 households via their milk&more doorstep delivery business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
In 1991, the company established a joint venture with French dairy company Yoplait called Yoplait Dairy Crest (often abbreviated to YDC) which is 51% owned by Yoplait and 49% by Dairy Crest and which distributes Yoplait brand products in the UK. In 1995 it bought the Cathedral City brand of cheese from Mendip Foods Ltd.
The business was privatised in August 1996 and Dairy Crest was listed on the London Stock Exchange. In July 2000 it acquired the dairy and cheese products division of Unigate in London and in November 2002 it acquired the St Ivel spreads company which had been based in Wootton Bassett in Wiltshire. In September 2004 it went on to acquire the Country Life butter brand from the English Butter Marketing Company. In July 2006 it acquired Express Dairies from Arla Foods for £33m. In October 2006, it sold the majority of its own label cheese business to First Milk, its Scottish equivalent, along with the creameries and factory that produce most of the products concerned.
In January 2007, Dairy Crest bought St Hubert for £248 million securing the Cholegram, Le Fleurier and Omega 3 brands, which are among the top selling spreads in France, and the Vallé brand which is the market leader in Italy. In July 2013 Dairy Crest sold its doorstep delivery operations in the Northwest of England to Creamline Dairies who will operate the milk rounds from the Warrington, Flixton, Stockport and Macclesfield depots and whose subsidiary Mortons will operate all those in the Wirral, Chester and Liverpool.
On 6 November 2014, Dairy Crest announced a big slump in profits and the sale of its milk business. The dairies operation, which processes and distributes milk, is being sold to Germany's Müller for £80 million. It comes as profits at the UK's largest dairy food company fell 95% to £900,000 in the six months to September.
Cheese brands include Cathedral City, Davidstow Cheddar and Wexford. Spread brands include Clover, Country Life (named for the magazine), St. Hubert, Utterly Butterly, Vitalite and Willow. Drink brands include Country Life Milk and Frijj (a milkshake brand).
- Preliminary Results 2013
- Dairy Crest: Who we are
- Dairly Crest History
- Dairy Crest buys rival to expand milk round
- Dairy Crest sells cheese business
- Dairy Crest buy St Hubert from Uniq
- Creamline Dairies acquires Dairy Crest North West business
- "Dairy Crest sells milk operations as profits slump". BBC News. Retrieved 6 November 2014.
- Dairy Crest: Brands
- Dairy Crest: Locations