249:(M&S) executive who was setting up a new store in Belfast. M&S began buying milk for the store from Northern Foods, followed by yoghurt deliveries and food, including the first fresh trifle for M&S. The contract developed into food sales to M&S that were eventually worth over half a billion pounds a year. Northern Foods also made some non-competing products for other retailers. Since then its strategy has been to buy up and consolidate M&S suppliers.
318:
UK&I, to support the restructuring as CEO designate. They completed the restructuring that year selling the dedicated chilled distribution (NFT), flour milling (Smiths), cakes (Park Cakes), speciality bread (Fletchers) and chilled pastry businesses (Pork Farms
Bowyers) were also sold to a private
278:
Nicholas
Horsley took early retirement due to a rare genetic wasting disease, and by 1986, Haskins had become chairman of Northern Foods. In 1994, the Milk Marketing Board was abolished and milk prices in supermarkets fell. The loss of the high return on milk made a measurable impact on all dairy
311:. This was rejected by M&S which, partly as a result of shareholder pressure, decided to be more transactional in its supplier relationships and started to take volume out of the Northern Foods factories to diversify its supply base. Four profit warnings followed.
330:
Whereas trading was now performing well, a major issue for
Northern Foods’ had become its large pension scheme, which since the 2008 financial crisis, had moved from being in surplus to having a sizeable £150m deficit. A merger of equals with
319:
equity group, Vision
Capital. Lastly, the Green Isle Boyle site and its Trafford Park Bakery were also closed with production either consolidated into other factories within its footprint or moved to other manufacturers such as
283:
in 1998 as the depressed margins were dragging the share price down of the overall group. Both businesses were listed to the FTSE 250. Express
Dairies was later bought by in a staged acquisition, finalised in 2003, by
193:, 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
1302:
323:. The restructuring complete, O’Driscoll stepped down and Barden took over as CEO in 2007. The next 16 quarters saw sales growth and margin expansion during a period of continued supply over capacity,
873:
241:, itself a legacy of post-war food shortages. That cash was used to fund diversification into foods. In 1972, Northern Dairies changed its name to Northern Foods. Nick Horsley's brother-in-law,
218:. During the war years, Horsley bought up many competing local dairies to become a major dairy force in the Humber region. In 1942, the business was registered as Northern Dairies and became a
335:
was proposed to help address this, but the pension fund preferred the protections given in an alternative offer by 2 Sisters PLC; which successfully consummated the acquisition in May 2011.
1195:
226:
joined the then
Northern Dairies as a trainee manager, becoming a director in 1963. His first business success was to acquire cheaply, a stake in a small ice-cream company called
1297:
1058:
1307:
1105:
625:
538:
862:
275:
and many other smaller firms. It was during this period that the company pioneered the market in chilled, prepared meals and sandwiches in supermarkets.
1203:
1312:
835:
296:
Christopher
Haskins stepped down as CEO in 2002 with Jo Stewart succeeding him. In March 2004, Patricia O'Driscol, who had previously worked for
237:
The dairy was generating large amounts of cash, as many dairies were at the time, due to the government backed guaranteed pricing created by the
999:
809:
1130:
110:
1049:
1277:
674:
314:
In 2005, O'Driscoll embarked on a radical restructuring programme. In
February 2006, she hired Stefan Barden, formerly CEO of
40:
1080:
256:, for £8 million, dedicated entirely to M&S. At the time it was regarded as the most advanced food factory in Europe.
592:
545:
227:
1156:
231:
917:
342:. The Northern Foods factories continue to trade with the UK major supermarkets from within the 2 Sisters group.
570:
160:
Gunstones bakery, Solway Foods, Fox's
Biscuits, Green Isle Foods, Hollands Pies, Pennine Foods, Matthew Walker
1292:
695:
324:
215:
339:
174:
791:
653:
238:
194:
91:
242:
190:
947:
750:
259:
Nick
Horsley had successfully diversified the business, widening Northern Foods' portfolio into
260:
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182:
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1025:
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353:, an Italian multinational specialized in the production of chocolate and snacks.
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cakes (through Park Cakes), Smith's Flour Milling, brewing (with the purchase of
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350:
17:
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272:
155:
122:
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170:
78:
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836:"History of companies joining and leaving the FTSE 100 Index since 1984"
39:
722:"Recent Changes in Milk Marketing in the UK: The Farmers' Perspective"
315:
297:
810:"Dairy Farmers Are Paying the True Price for the UK's Cheap Milk"
60:
863:"Express Dairies agrees all-share merger with rival Arla Foods"
505:
361:
279:
companies including Northern Foods. Northern Foods demerged
1131:"In the spotlight - The Greencore, Northern Foods merger"
307:
In July 2004, M&S was subject to a takeover bid from
252:
In 1986, Northern Foods built Fenlands Food Factory in
1303:
Companies formerly listed on the London Stock Exchange
751:"Northern Foods Plc Company Profile – Corporate Watch"
154:
142:
132:
120:
108:
97:
85:
74:
66:
56:
46:
1048:
861:
338:On 13 May 2011, the company was delisted from the
1000:"Vision Capital realigns Northern Food purchases"
214:in 1937 as a family-run dairy business based in
169:is a British food manufacturer headquartered in
669:
667:
620:
618:
616:
614:
345:On 11 September 2020, Northern Foods sold the
8:
1298:Food and drink companies established in 1937
690:
688:
654:"Boparan wins Northern Foods with £341m bid"
593:"FTSE 100 Index original share constituents"
32:
1157:"Ferrero acquisisce i biscotti inglesi Fox"
327:and significant customer pricing pressure.
38:
31:
941:
939:
675:"Boparan becomes Northern Foods Chairman"
181:. The company is credited, together with
173:, England. It was formerly listed on the
1308:Food manufacturers of the United Kingdom
994:
992:
745:
743:
741:
189:category. The driver of this growth was
1050:"Northern Foods' chief executive exits"
948:"Northern Foods parts company with CEO"
776:"Peston's People: Lord Chris Haskins".
696:"Northern Foods plc -- Company History"
523:
1196:"Closed M&S food plant sparks row"
177:and was a constituent of the original
7:
648:
646:
533:
531:
529:
527:
414:Fletchers, Grain D’Or and Kara Foods
1248:"End of era for historic food firm"
1226:"Swansea ready meals firm to close"
1106:"Northern Foods Annual Report 2010"
571:"NORTHERN FOODS LIMITED - Overview"
288:a Danish and Swedish co-operative.
234:for a high price two years later.
25:
1182:Northern Foods to close Hull site
1061:from the original on 21 June 2022
1047:Mesure, Susie (2 February 2007).
1026:"Northern Foods to shed 900 jobs"
975:"Northern Foods unveils sell-off"
876:from the original on 21 June 2022
245:found himself on a plane next to
918:"How M&S sent Green packing"
304:, was hired to replace Stewart.
1313:1937 establishments in England
1:
222:in 1956. In 1958, Alec's son
27:Food company based in Britain
898:. BBC News. 4 September 2003
792:"Obituary: Nicholas Horsley"
720:Franks, G.R. (7 July 2002).
210:The business was founded by
1194:Hall, James (28 May 2008).
896:"Northern Foods boss quits"
840:The UK Stock Market Almanac
597:The UK Stock Market Almanac
375:Cavaghan & Gray Seafood
1329:
1028:. BBC News. 24 August 2006
1250:. BBC News. 24 March 2005
325:volatile commodity prices
37:
1202:. London. Archived from
1081:"Northern Foods Reports"
300:’s chilled business and
70:1937 as Northern Dairies
977:. BBC News. 31 May 2006
185:, with creating the UK
425:Green Isle Food Groups
230:, which he sold on to
216:Holme on Spalding Moor
1184:BBC News, 27 May 2009
700:Company-histories.com
422:George Payne & Co
340:London Stock Exchange
175:London Stock Exchange
1228:. BBC. 22 April 2010
1161:Notiziando.code.blog
626:"Northern Foods plc"
551:on 27 September 2011
539:"Annual Report 2009"
384:Dorset Chilled Foods
239:Milk Marketing Board
116:£52.7 million (2009)
104:975.2 million (2009)
92:Ranjit Singh Boparan
261:Marks & Spencer
247:Marks & Spencer
243:Christopher Haskins
191:Christopher Haskins
183:Marks & Spencer
134:Number of employees
128:£2.5 million (2009)
34:
33:Northern Foods Ltd.
1137:. 17 November 2010
924:. 13 February 2000
842:. 24 February 2014
816:. 25 February 2015
798:. 23 January 2004.
755:corporatewatch.org
599:. 24 February 2015
474:Smiths Flour Mills
372:Baxters Food Group
1006:. 26 January 2007
922:Theguardian.co.uk
872:. 28 March 2003.
780:. 26 August 2001.
573:. Companies House
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16:(Redirected from
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1206:on 21 April 2013
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1163:. 7 October 2020
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544:. Archived from
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449:NFT Distribution
432:Gunstones Bakery
362:
357:Owned properties
224:Nicholas Horsley
149:Boparan Holdings
111:Operating income
42:
35:
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18:Northern Dairies
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407:Express Dairies
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281:Express Dairies
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113:
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28:
23:
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15:
12:
11:
5:
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1293:Northern Foods
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1267:External links
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757:. 10 June 2015
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347:Fox's Biscuits
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220:public company
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179:FTSE 100 Index
167:Northern Foods
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1252:. Retrieved
1242:
1230:. Retrieved
1220:
1208:. Retrieved
1204:the original
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1165:. Retrieved
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1139:. Retrieved
1134:
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1109:
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1008:. Retrieved
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900:. Retrieved
890:
878:. Retrieved
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844:. Retrieved
839:
830:
818:. Retrieved
813:
804:
796:The Guardian
795:
786:
778:Sunday Times
777:
771:
759:. Retrieved
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728:. Retrieved
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703:. Retrieved
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633:. Retrieved
629:
601:. Retrieved
596:
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575:. Retrieved
565:
553:. Retrieved
546:the original
514:
483:
477:Solway Foods
465:R&K Wise
393:Emile Tissot
344:
337:
329:
313:
309:Philip Green
306:
295:
292:21st century
277:
265:Hull Brewery
258:
251:
236:
212:Alec Horsley
209:
206:20th century
187:Chilled Food
166:
165:
156:Subsidiaries
138:9,890 (2009)
75:Headquarters
47:Company type
29:
1141:17 November
1115:13 February
1090:13 February
1010:27 December
959:13 February
928:13 February
880:13 February
846:13 February
820:13 February
730:13 February
603:19 February
500:Palethorpes
351:Ferrero SpA
1287:Categories
1057:. London.
761:9 February
705:9 February
635:9 February
518:References
480:Vanderheul
452:Park Cakes
440:Kara Foods
273:Pork Farms
123:Net income
87:Key people
1210:5 October
1167:7 October
577:7 October
387:Eden Vale
349:brand to
333:Greencore
286:Arla Amba
228:Mr Whippy
197:company.
195:2 Sisters
171:Wakefield
81:, England
79:Wakefield
1278:History
1254:28 April
1232:22 April
1065:28 April
1059:Archived
1032:28 April
981:28 April
902:28 April
874:Archived
814:Munchies
555:21 March
443:Lacemont
321:Ginsters
254:Grantham
57:Industry
462:Pyewipe
368:Bowyers
201:History
98:Revenue
67:Founded
51:Private
658:Ft.com
504:
493:Former
484:
144:Parent
725:(PDF)
549:(PDF)
542:(PDF)
316:Heinz
302:Shell
298:Tesco
1256:2008
1234:2010
1212:2008
1169:2020
1143:2010
1117:2018
1092:2018
1067:2008
1034:2008
1012:2010
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961:2018
930:2018
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882:2018
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763:2018
732:2018
707:2018
637:2018
605:2018
579:2020
557:2010
61:Food
471:Ski
267:),
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
