Uniq plc

Last updated

Uniq plc
Type Public
Industry Foods
Founded1959
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 www.uniq.com

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.

Contents

History

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.

Operations

Dairy Crest took over the Unigate home delivery business, including its Wales & Edwards Rangemaster milk floats. Dairy Crest Ex Unigate Wales And Edwards Rangemaster Milk Float.jpg
Dairy Crest took over the Unigate home delivery business, including its Wales & Edwards Rangemaster milk floats.

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.

Related Research Articles

Glanbia plc is an Irish global nutrition group with operations in 32 countries. It has leading market positions in sports nutrition, cheese, dairy ingredients, speciality non-dairy ingredients and vitamin and mineral premixes. Glanbia products are sold or distributed in over 130 countries. While Europe and the USA represent the biggest markets, the Group are continuing to expand into the Middle East, Africa, Asia Pacific and Latin America. Glanbia's primary listing is on Euronext Dublin. The Group has four segments; Glanbia Nutritionals, Performance Nutrition, Glanbia Ireland and Joint Ventures & Associates, with a combined workforce of over 7,000 employees in 32 countries.

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.

<span class="mw-page-title-main">Wincanton</span> Human settlement in England

Wincanton is a small town and electoral ward in South Somerset, southwest England. The town lies off the A303 road, a main route between London and South West England, and has some light industry. The town and electoral ward has a population of 5,272.

<span class="mw-page-title-main">Saputo Dairy UK</span> British dairy products company

Dairy Crest Limited trading as Saputo Dairy UK, is a British dairy products company. It was created in 2019 when the Canadian company Saputo Inc bought Dairy Crest. Dairy Crest itself was created in 1981 as a spin-off of the Milk Marketing Board. Its brands include Saputo Dairy UK, Cathedral City Cheddar Cheese, Country Life Butter, Utterly Butterly, Vitalite and Clover.

<span class="mw-page-title-main">Northern Foods</span> Food company based in Britain

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.

<span class="mw-page-title-main">Premier Foods</span> British food manufacturer

Premier Foods plc is a British food manufacturer headquartered in St Albans, Hertfordshire. The group owns many well-known brands, including Mr Kipling, Ambrosia, Bird's Custard, Angel Delight, Homepride cooking sauces, Lyons, Sharwood's, Loyd Grossman sauces, Oxo, Bisto, Batchelors and Plantastic. Premier Foods also produce cakes under the Cadbury's name, using the brand under licence. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Kraft Foods Inc.</span> American food and beverage company

Kraft Foods Inc. was a multinational confectionery, food and beverage conglomerate. It marketed many brands in more than 170 countries. 12 of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang. Forty of its brands were at least a century old.

<span class="mw-page-title-main">Saputo Inc.</span> Canadian dairy company

Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.

Oberweis Dairy, headquartered in North Aurora, Illinois, is the parent company of several dairy-related and fast food restaurant operations in the midwest region of the United States. Its businesses include a home delivery service available in parts of Illinois, Indiana, Missouri, Michigan, North Carolina, Texas, and Wisconsin, which delivers traditional dairy products, including milk, ice cream, cheese, and yogurt, as well as bacon and seasonal products.

<span class="mw-page-title-main">Borden (company)</span> Disbanded American producer of food products

Borden, Inc., was an American producer of food and beverage products, consumer products, and industrial products. At one time, the company was the largest U.S. producer of dairy and pasta products. Its food division, Borden Foods, was based in Columbus, Ohio, and focused primarily on pasta and pasta sauces, bakery products, snacks, processed cheese, jams and jellies, and ice cream. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. By 1993, sales of food products accounted for 67 percent of its revenue. It was also known for its Elmer's and Krazy Glue brands.

<span class="mw-page-title-main">Strauss Group</span> Food products manufacturer

Strauss Group Ltd., formerly known as Strauss-Elite, is among the largest food products 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.

<span class="mw-page-title-main">St Ivel</span>

St Ivel is a brand of dairy products in the United Kingdom, introduced in 1901 by the Yeovil-based dairy company Aplin & Barrett, for use on a range of their products. The company was taken over by Unigate Dairy Company in 1960. Most production sites were in the south west of England and some in Wales. Most of its brands were bought in the beginning of the 2000s by Dairy Crest, following a severe decline in doorstep deliveries of milk – previously a major area of business for Unigate. In 2020 the St Ivel brand was still used for buttermilk produced by Dairy Crest's successor Müller.

<span class="mw-page-title-main">Express Dairies</span>

Express Dairies is a former brand of Dairy Crest, that specialised almost entirely in home deliveries of milk, and other dairy products.

<span class="mw-page-title-main">Wincanton plc</span> British Logistics Company

Wincanton plc is a British provider of logistics with its origins in milk haulage. The company provides transport and logistics services including specialist automated high bay, high capacity warehouses, and supply chain management for businesses. It also provides container transportation and storage, warehousing solutions and related services, such as health and safety, IT services and people transition to numerous industries.

Cranswick plc is a leading UK food producer and supplier of premium, fresh and added-value food products. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Lactalis</span> French multinational corporation

Lactalis is a French multinational dairy products corporation, owned by the Besnier family and based in Laval, Mayenne, France. The company's former name was Besnier SA.

Cow & Gate was a United Kingdom based dairy products company, which expanded into milk bottling, distribution, and baby food production. It merged in 1959 with United Dairies to form Unigate plc, which today is known as Uniq plc. The Cow & Gate brand survives as a specialist baby food brand, owned by Netherlands-based Numico, now owned by Danone.

<span class="mw-page-title-main">Bega Group</span> Australian cheese manufacturer

The Bega Group is an Australian diversified food and drinks company with manufacturing sites in New South Wales, Queensland, Western Australia and Victoria. Founded as an agricultural cooperative in the town of Bega, New South Wales by their dairy suppliers, it became a public company in 2011 when it listed on the Australian Securities Exchange. Close to half of shares publicly traded are still held by Bega's farmer-suppliers. It is currently one of the largest companies in the dairy sector in Australia, with a base milk supply in 2018 of approximately 750 million litres per annum.

Tirlán is an Irish dairy co-operative. The co-operative has its roots in a series of amalgamations of small rural co-operative creamery societies throughout County Kilkenny, most notably the amalgamation of Avonmore Creameries Federation in 1966.

<span class="mw-page-title-main">Parag Milk Foods</span> Dairy company (e. 1992)

Parag Milk Foods is an Indian company that manufactures, markets and sells milk and milk products. The company is India's second largest producer of cheese under its brand Go and the country's largest producer of cow ghee under its brand Govardhan. In 2015, the company began producing whey protein powder and since then has launched branded protein powder products as well. As of 2017, the company's daily procurement of milk was 1.2 million litres.

References

  1. 1 2 "History & Business". Wincanton Plc. Archived from the original on 9 June 2008. Retrieved 26 April 2008.
  2. "Unigate of Britain sells US restaurant chain". New York Times. 4 June 1996. Retrieved 3 January 2009.
  3. "Unigate fattens up for Unilever spreads battle". www.marketingmagazine.co.uk. Marketing Magazine. Retrieved 2 July 2014.
  4. Shah, Saeed (19 February 2000). "Unigate sells its milk operations to Dairy Crest for £220m". London: Independent. Retrieved 3 January 2009.[ dead link ]
  5. "Unigate becomes Uniq". Eurofood. 2000. Retrieved 3 January 2009.
  6. "Uniq sells Shape brand to Danone for £32m". Independent. Retrieved 3 January 2009.[ dead link ]
  7. "Uniq sell UK chilled fish business Pinneys of Scotland". Flex News. Archived from the original on 7 March 2009. Retrieved 4 August 2009.
  8. "Greencore agrees £113m Uniq takeover". Financial Times. 12 July 2011.