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Saputo buys cheese business of Australian company | Canadian Grocer

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in March
By Canadian Press

Saputo Inc. has signed a deal to buy the everyday cheese business of Lion-Dairy & Drinks Pty Ltd. based in Victoria, Australia, for $134.4 million in cash.

The purchase includes $104.1 million for inventory net of a minimal amount of assumed liabilities, Quebec-based Saputo said Monday in a news release.

http://www.canadiangrocer.com/top-stories/saputo-buys-cheese-business-of-australian-company-50097
 

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