Consumer Goods M&A » By The Online Investor Staff, updated Fri., Apr. 19, 6:26 AM
Recent mergers and acquisitions in the Consumer Goods M&A category.
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Slide #29. Saputo — Fluid Milk Activities of Scotsburn Co-Operative Services Limited
Acquirer:
Saputo (TSE:SAP.CA)
Acquiree:
Fluid Milk Activities of Scotsburn Co-Operative Services Limited
Details:
Saputo Inc. ("Saputo") (TSX:SAP) completed today the transaction announced on January 17, 2014 and acquired the fluid milk activities of Scotsburn Co-Operative Services Limited based in Atlantic Canada ("Scotsburn Fluid Milk Business"). Scotsburn is a Nova Scotia cooperative that will continue its other activities such as its frozen ice cream and frozen novelties business.
Saputo produces, markets, and distributes a range of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. In addition to its dairy portfolio, Co. produces, markets, and distributes a range of dairy alternative cheeses and beverages. Co. sells its products in three different market segments: retail, foodservice, and industrial. Co. operates its business through four sectors. The Canada Sector consists of the Dairy Division. The USA Sector consists of the Dairy Division. The International Sector comprises the Dairy Division and the Dairy Division. The Europe Sector consists of the Dairy Division.
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