Food & Beverage M&A » By The Online Investor Staff, updated Mon., Mar. 8, 2:48 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #10. 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 is a dairy processor, cheese manufacturer and fluid milk and cream processor. Co. operates its business through four sectors, the Canada Sector, the USA Sector, the International Sector, and the Europe Sector. Through its Dairy Division (Canada), Co. produces, markets and distributes in Canada a variety of cheeses, including mozzarella and cheddar. Through its Dairy Foods Division (USA), Co. produces, markets and distributes in the U.S. a variety of dairy and non-dairy extended shelf-life products. Through its Dairy Division (Argentina), Co. produces, markets and distributes in Argentina and on the international market a variety of cheeses, as well as butter and cream.
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