Canadian Pizza Magazine

News
Saputo to acquire DCI Cheese Company


February 18, 2011
By Canadian Pizza

pzpiewithgraterthumbnaiNEWS HIGHLIGHT

Saputo to acquire
DCI Cheese Company

Saputo Inc., has announced that it has signed an agreement to acquire Fairmount Cheese Holdings Inc., the parent company of DCI Cheese Company Inc.

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.

Advertisment

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.