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Saputo cheese purchase

This article was originally published in Foodnews

SAPUTO, the giant Canadian dairy, is buying F&A Dairy of California Inc. F&A principally manufactures, sells and distributes mozzarella, provolone and whey products from its facility in Newman, California. In 2008, it produced approximately 60 million lbs of cheese and had sales of about US$140 million. It will complement the activities of Saputo Dairy Products Division (USA). The acquisition will be paid in cash by drawing on available lines of credit. The transaction is subject to the usual conditions and is expected to close on or about 20 July.

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