Real dog's dinner at Dalgety

Article Abstract:

Dalgety sought to focus on animal feed, pet food, food distribution and pig breeding, selling non-core activities such as snacks. The company has encountered a number of problems such as restructuring costs for the European pet food operations of Quaker which were acquired in 1995. Dalgety was also hit by problems relating to contaminated pet food in the Netherlands, and demand for tinned pet food is dropping in the UK. Demand for animal feed has been hit by concern over mad cow disease in the UK. Pig breeding should benefit from this concern, however, as consumers move to pork from beef.

Prepared Feeds, Other Animal Food Manufacturing, Prepared feeds, not elsewhere classified, Animal feeding and feeds, Pet supplies industry, Dalgety PLC, Feed industry

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Northern Foods

Article Abstract:

Northern Foods reported a rise in underlying profit of 2% to 57.8 million pounds sterling for the six months to Sep 1996. Grocery profits rose by 60% but convenience foods and meat products were hit by BSE which has led to a drop in demand of 20% for beef products. Profit from dairy products dropped by 8 million pounds at 21.6 million pounds due to a drop in commodity prices. The dairy products division is affected by competition from supermarkets. The company's pre-tax profit for full-year 1996 to 1997 is forecast at 129 million pounds sterling.

Animal Slaughtering and Processing, Meat Products, All Other Specialty Food Stores, Dairy products stores, Dairy Product Stores, Northern Foods PLC, Dairy stores

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Dalgety

Article Abstract:

Dalgety is a UK food manufacturer which will rank second in the UK pet food industry following the acquisition of the pet food activities of Quaker Oats. Approval for the acquisition has to be granted by the European Commission, and this may not be given prior to Jul 1995. Dalgety sees room for rationalization, cutting costs by 40 million pounds sterling annually. The company may also raise funds by selling Homepride foods and Golden Wonder crisps.

Dalgety Farmers Ltd.

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