Company type | Public |
---|---|
Industry | Foods |
Founded | 1959 |
Headquarters | Gerrards Cross, UK |
Key people | Ross Warburton, Chairman Geoff Eaton, CEO |
Revenue | £736.1 million (2007) |
£(3.6) million (2007) | |
£(41.7) million (2007) | |
Number of employees | 6,559 (2007) |
Parent | Greencore |
Website |
Uniq plc (formerly Unigate plc) was a British food manufacturer. Listed on the London Stock Exchange and once a constituent of the FTSE 100 Index, it was taken over by Irish foods conglomerate Greencore in 2011.
The company was formed in 1959 by the merger of the UK's largest dairy products company United Dairies, with Cow & Gate, earlier known as the West Surrey Central Dairy Company, [1] forming Unigate.
On merger, aside from its extensive milk home delivery network, its range of food products included Cow & Gate baby foods (now part of Royal Numico) and Farmer’s Wife cream. It also developed St Ivel cheese spreads and Utterly Butterly.
In 1963, Unigate acquired Midland Counties Dairies, but as milk consumption levelled and then started to decline in the 1960s, it began diversifying into non-dairy businesses. It began by buying up grocery stores and restaurants, and by the 1970s bought supermarket chain Kibby's, Quids-In clothing shops, Uni-Wash laundrettes, and some Kentucky Fried Chicken franchises. In 1973, it acquired Scot Bowyers, a meat-processing company, in 1975 United States–based Italian cheese manufacturer Frigo, and in 1978 US specialty cheesemaker, Gardenia.
In 1977, dairyman John Clement became CEO and chairman. To stop the decline in the dairy business, he sold 75% of its dairy manufacturing businesses to the nationalised company the Milk Marketing Board for £87 million. After paying off debt, Unigate acquired:
But the diversification did not help the balance sheet, and in the late 1980s the project was reversed. By the end of the decade, despite Unigate remaining the UK's biggest milk supplier, dairy products only made up one third of group turnover. With losses mounting and debt rising, Clement was replaced in both board positions by the end of 1991.
In the following decade, Unigate focused on food and distribution, selling off non-core and unprofitable businesses, which raised £700 million. Half of this came through the £332 million sale of its share in Nutricia, the holding company that owned the Cow & Gate brand. The company also bought brands to supplement its new direction, spending £400 million on French firms Prodipal, a maker of yogurts and desserts, and Vedial, a maker of spreads. In September 1996, Unigate paid £77.25 million for the UK and Italian margarine and spreads business of Kraft Foods International, including Vitalite. [3]
In May 1998, the company attempted an unsuccessful £1.59 billion takeover of diversified conglomerate Hillsdown Holdings. In February 1999 the company did acquire Fisher Quality Foods, a UK supplier of sauces, dressings, and marinades, from the Albert Fisher Group for £43 million. In the meantime, Hillsdown under shareholder pressure had begun a break-up, spinning off its chilled convenience food subsidiary as Terranova. In March 1999, Unigate initiated a hostile £228.5 million takeover bid for Terranova, which was accepted after the bid was raised to £274 million.
But by the late 1990s, the decline in doorstep deliveries and price pressure from supermarkets led to mounting losses, and in 2000 the milk and cheese division was sold to Dairy Crest. [4] On completion of the sale, the company changed its name to Uniq in July 2000. [5] In 2001, it demerged Wincanton, its logistics subsidiary, by way of an initial public offering. [1]
It sold its yoghurt business in 2002 to raise money to concentrate on the convenience foods market. [6] In March 2009 Uniq reached an agreement for the sale of its UK chilled fish business, Pinneys of Scotland, to The Seafood Company Ltd (part of the Foodvest Group). [7]
On 12 July 2011, Greencore announced it intended to buy Uniq. [8] The deal was completed in November 2011, and Uniq is now subsumed within the operations of Greencore.
The company has sites in Spalding (Smedley's Salads prepared salads), Northampton, Evercreech (former St Ivel site), Minsterley in Shropshire (former site of Northern Foods until May 2004) and Paignton (produces all of Cadbury's chilled desserts such as chocolate mousses). The Northampton site produces most of Marks & Spencer's and Morrisons' prepared sandwiches.
Glanbia plc is a company that owns several consumer brands that produce lifestyle products such as food supplements. Glanbia is headquartered in Kilkenny, Ireland with over 5,534 employees in over 30 countries around the world. Glanbia’s consumer brands and ingredients are sold or distributed in over 130 countries. North America is the company’s largest market, and it also has a presence in Europe, Middle East, Asia Pacific and Latin America. Glanbia's primary listing is on Euronext Dublin. Glanbia comprises three divisions: Glanbia Nutritionals, Glanbia Performance Nutrition and Joint Ventures.
Greencore Group plc is a food company in Ireland. It was established by the Irish government in 1991, when Irish Sugar was privatised, but today Greencore's products are mainly convenience foods, not only in Ireland but also in the United Kingdom. A major supplier to British and Irish supermarkets, Greencore is the largest sandwich manufacturer in the world. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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Northern Foods is a British food manufacturer headquartered in Wakefield, England. It was formerly listed on the London Stock Exchange and was a constituent of the original FTSE 100 Index. The company is credited, together with Marks & Spencer, with creating the UK Chilled Food category. The driver of this growth was Christopher Haskins, the son-in-law of the company's founder Alec Horsley. Haskins became a director in 1967, deputy chairman in 1974, and was chairman from 1980 to 2002. The company was delisted in 2011 when it was bought by the 2 Sisters company.
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Strauss Group Ltd., formerly known as Strauss-Elite, is an Israeli manufacturer and marketer of consumer foods sold through retail stores. It is among the largest food manufacturers in Israel. Strauss Group focuses on dairy products, coffee, water, snacks, salads, and dips. Its subsidiary Strauss Coffee is a leading coffee company in Eastern Europe and Brazil. Strauss Group is a public company traded in the Tel Aviv Stock Exchange, with the majority of its shares (57%) being owned by the Strauss family.
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