Owner of UK’s biggest cheese brand with 1,300 jobs sold for just under £1bn
A cheese brand favourite with shoppers is set to come under new ownership following a major business sale.The UK's best-selling cheese brand, Cathedral City, is being acquired by French dairy group Lactalis as part of a £988 million deal with Saputo.The sale covers Saputo's entire UK dairy operation, including five manufacturing sites and brands such as Clover and Country Life.Carl Colizza, president and chief executive of Saputo, said: "The value to be realised recognises the expertise of the UK team, the quality of the operations and the market position of these leading brands."This transaction reinforces our strategic focus and enhances our financial flexibility as we continue to create long-term shareholder value through disciplined capital allocation."When will Cathedral City deal close?Cathedral City is the UK's most popular cheese brand, with sales of £320.2 million last year, according to The Grocer's Top Products report.Saputo's UK division employs around 1,300 people and generated £630 million in revenue over the past year.The deal is expected...








