date:Aug 30, 2012
eloping its portfolio of brands such as Cathedral City, Country Life, Clover and Frijj. It also plans to make strategic acquisitions of branded dairy businesses in the UK.
Dairy Crest acquired St Hubert from Uniq in January 2007 for 370m, and since the acquisition, the revenue and EBIT of the spreads business rose by 35% and 45%, respectively.
In March 2012, Dairy Crest initiated a strategic review of St Hubert, during which a range of options were assessed. After receiving interest from a numbe