Saputo buys Welsh company

Saputo Inc. announced that it has acquired the
activities of Dansco Dairy Products Limited, a United Kingdom
manufacturer producing mainly mozzarella for the food service market
segment. The purchase price of $12 million was paid in cash, on a
debt-free basis.

Saputo Inc. announced that it has acquired the activities of Dansco Dairy Products Limited, a United Kingdom manufacturer producing mainly mozzarella for the food service market segment. The purchase price of $12 million was paid in cash, on a debt-free basis.

Dansco employs approximately 130 people at its manufacturing facility located in Newcastle Emlyn, Wales.

Dansco’s revenues in its last fiscal year were approximately $80 million. According to a company release, this acquisition “complements Saputo’s current activities in the European market and is in line with its objective of growing its global presence.”