M&A Deal Summary

First Milk Acquires Retailer Brand Cheese Operations/Dairy Crest Group

On September 1, 2006, First Milk acquired food company Retailer Brand Cheese Operations/Dairy Crest Group from Dairy Crest Group for 62M GBP

Acquisition Highlights
  • This is First Milk’s 1st transaction in the Food sector.
  • This is First Milk’s largest (disclosed) transaction.
  • This is First Milk’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2006-09-01
Target Retailer Brand Cheese Operations/Dairy Crest Group
Sector Food
Buyer(s) First Milk
Sellers(s) Dairy Crest Group
Deal Type Add-on Acquisition
Deal Value 62M GBP

Target

Retailer Brand Cheese Operations/Dairy Crest Group

United Kingdom
Dairy Crest, the UK’s leading branded dairy foods company has announced the proposed sale of the majority of its retailer brand cheese operations to First Milk Limited for a net cash consideration of £61.9 million.

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Buyer(S) 1

Buyer

First Milk

Paisley, United Kingdom
Category Company
Sector Food
DESCRIPTION

First Milk Limited, a dairy company, produces and supplies dairy products and dairy ingredients to liquid processing, retail, and foodservice industries in the United Kingdom and internationally.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 CNP Professional

Manchester, United Kingdom

CNP Professional Ltd. offers consumers the very best in nutrition products.

Buy €10M

Seller(S) 1

SELLER

Dairy Crest Group

Esher, United Kingdom
Category Company
Founded 1933
Sector Food
Employees1,180
Revenue 456M GBP (2018)
DESCRIPTION

Dairy Crest Group plc, a dairy food company, processes and sells fresh milk and branded dairy products in the United Kingdom and internationally. It offers various cheese products, including cheddar cheese under the Cathedral City, Davidstow, and Chedds brands; and butter and spreads under the Country Life, Clover, Utterly Butterly, Vitalite, and Willow brands.

DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 St Hubert

Rungis, France

St Hubert produces and markets spreads in France. St Hubert was founded in 1989 and is based in Rungis, France.

Buy -
Mergr

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