Dairy crest
- Thread starter sidjon
- Start date
Intresting times.
frederick
Member
- Location
- south west
Hopefully theyll do a better job than when they were in wales.
- Location
- M6 Hard shoulder
All cash offer so I presume shares held will be cashed and not transferred ?
The talk over many years was the factory never made any money. The new owners "Dairy Partners " have spent a truckload of money expanding and improving the factory. @Headless chicken is local to it.
I was wandering where I'd heard the name saputo. When did they exit UK?
I never supplied them,but must be getting on for 5+ years.
- Location
- Northern Ireland
Could hardly say Dairy crest was UK owned anyway. Only London listed.
Biggest on litres, profit or turnover?
Last edited:
Will Blackburn
Member
- Location
- Cheshire
Arla is UK owned, partly.
Headless chicken
Member
- Location
- West Wales
The biggest issue is the site is too small. Glanbia has 3/4 of its milk coming from west wales and they didn’t buy it for a reason
buffalo_soldier
Member
- Location
- cumbria
Well my dad is cock-a-hoop.
Spent all day looking in his office drawers for some reason
.
Spent all day looking in his office drawers for some reason
.
ollie989898
Member
There is plenty of history of huge companies doing this, it seems the only way to make money in the commodity game is with scale. No end of big companies with international names involved in many points of the supply chain sometimes. Associated British Foods for example own 50 brands/companies. Would not be surprised to see more international buy outs in future.
matthew
Member
- Location
- Cornwall, SW England
Davidstowe extra mature cheddar is loverly stuff. So whoever buys the brand, I hope doesn’t shift production to Eastern Europe and change the recipe, as with Cadbury / Kraft.
So do I.
I thats it
Member
sorry for being lazy. We've a letter arrived today to do with some shares it appears we have in dairy crest do any of you guys know what if anything we need to do. I've not seen the letter as it's landed to dads
- Location
- M6 Hard shoulder
Read the letter and see what options are available.
buffalo_soldier
Member
- Location
- cumbria
The letters have gone out.
Well that explains why dad has suddenly booked a holiday this week.
.Well that explains why dad has suddenly booked a holiday this week
.
I thats it
Member
I'll have to have a look, dad didn't seem to understand what was going on with it
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
He won’t be the only one, much of it is in gobldygook that even a solicitor would struggle to understand.
Don’t think there are any options available, Saputo have made a cash offer and £6.20 a share is mentioned, not too sure how the valuation works as share price seems to be trading at a small premium over that, there is another thread on here and it has been mentioned that the price may be improved..
From previous experience in these situations there is not a lot you can do, it looks like Dairy Crest will be bought out by Saputo and we will have to surrender our shares at the price stated, quite possibly £6.20, we will have no negotiation in the price nor no option to keep the shares or have shares in Saputo if indeed they have shareholders.
For now you don’t have to do anything, you’re aware of what’s going on, assuming it all goes through more paperwork will follow, you will have to surrender your share certificate and will be paid out at the offer price.