Saputo is widening its global cheese operations following the completion of its latest acquisition. The transaction announced on October 26, 2018, which included Saputo’s acquisition of F&A Dairy Products for $85 million, was officially completed the last week of November, bolstering the dairy giant’s cheese forces as it heads into 2019.
Manufacturers of a variety of natural cheeses, including mozzarella and provolone, F&A Dairy Products operates two U.S.-based manufacturing facilities in Las Cruces, New Mexico, and Dresser, Wisconsin, and distributes its products throughout the U.S. and Mexico. The cheesemaker employs 170 people. In addition, for the twelve-month period ended on August 31, 2018, F&A generated revenues of approximately $163 million, according to a press release.
Saputo’s acquisition of F&A will broaden and complement its Cheese Division activities in the United States.
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