Saputo to Buy Two Cheese Plants in US for $85M

October 29, 2018

1 Min Read
Saputo to Buy Two Cheese Plants in US for $85M
The F&A Dairy Products facility in Dresser, WI. Image courtesy of Google Maps

Dairy product marketer Saputo Inc. plans to acquire two cheese production facilities in the U.S. for $85 million from F&A Dairy Products Inc. and take on about 170 employees at the sites, the Montreal-based firm announced in an October 26 press release. 

Under the terms of the deal, the Canadian firm will assume ownership of a plant in Las Cruces, NM and another plant in Dresser, WI. The facilities produce an array of natural cheese products, like mozzarella, that are distributed in the U.S. and Mexico. 

Saputo said the manufacturing assets will support its Cheese Division operating in the U.S. F&A Dairy Products generated some $163 million in revenues during the twelve-month period ending on Aug. 31, 2018, according to the release. 

Completion of the deal is pending regulatory approval and other customary closing conditions. Saputo expects the sale to close by the end of next year.

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