Dalgety plc

Dalgety plc
Dalgety plc
Industry Conglomerate
Fate Acquired
Successor Genus plc
Founded 1846
Defunct 2005
Headquarters London, UK
Key people Sir Denys Henderson (Chairman)
Richard Clothier (CEO)

Dalgety plc was a major British conglomerate. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

History

The Company was established by Frederick Dalgety, a Scotsman, in Melbourne in 1846, outfitting sheep ranchers.[1] In 1854 he moved to London where he operated as a wool trader.[1] The Company was first listed on the London Stock Exchange in 1884. In 1962 the business merged with the New Zealand Loan & Mercantile Agency.[1]

The Company expanded into North America in 1966 acquiring Balfour Guthrie, a lumber and poultry business, and in 1970 it acquired the UK-based Pig Improvement Company.

In 1979 it diversified into foods acquiring Spillers,[2] a flour milling and pet food business, following a hostile take-over battle, and in 1987 it bought Golden Wonder, potato crisp manufacturers.[3] Then in 1995 it bought Felix Pet Foods.[4]

In the late 1990s, following a BSE crisis in the UK, it entered into a series of disposals and sold Golden Wonder to the management in 1995,[3] its food ingredients and Spillers flour milling operations to Kerry Group plc in 1997[5] and its pet foods business to Nestlé in 1997.[6]

Demise of the business

The Company was renamed PIC International Group plc in 1998[7] and then Sygen International plc in 2001[8] before being acquired by Genus plc in 2005.[9]

References



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