Saputo to acquire DCI Cheese Company
By Canadian PizzaNews
February 18, 2011, Montreal – Saputo Inc. announced yesterday that it has signed an agreement to acquire Fairmount Cheese Holdings Inc., the parent company of DCI Cheese Company Inc.
The US $270.5 million deal is expected to close sometime in March, subject to usual conditions, including regulatory approval.
DCI is one of the largest specialty cheese marketers in the United States, with a portfolio of import licenses for specialty cheese manufactured abroad. The company, which has a total of approximately 475 employees, also manufactures and sells products such as spreads, salsa, hummus and dips for the retail market.
For the year ended December 31, 2010, DCI recorded an estimated US$460 million in sales.
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