Food & Beverage M&A » By The Online Investor Staff, updated Wed., Aug. 5, 4:02 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 produces, markets, and distributes an array of dairy products including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Co.'s products are sold in several countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, COON, Cracker Barrel*, Dairyland, DairyStar, Friendship Dairies, Frigo Cheese Heads, La Paulina, Milk2Go/Lait's Go, Neilson, Nutrilait, Scotsburn*, Stella, Sungold, Treasure Cave and Woolwich Dairy. Co. operates its business through three sectors, the Canada Sector, the USA Sector and the International Sector.
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