Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024
Sun, November 24, 2024
Thu, November 14, 2024
Tue, November 12, 2024
Wed, October 23, 2024
Thu, April 23, 2009
Mon, February 2, 2009
[ Mon, Feb 02nd 2009 ]: Nathan Burkes
Is Obama a rock star?
Fri, January 30, 2009

Saputo Inc.: Saputo Inc. to Increase Its Presence in California by Acquiring the Activities of F&A Dairy of California, Inc.

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. e-activities-of-f-a-dairy-of-california-inc.html
  Print publication without navigation Published in Science and Technology on , Last Modified on 2009-06-23 17:16:05 by Market Wire
          🞛 This publication is a summary or evaluation of another publication


MONTREAL, QUEBEC--(Marketwire - June 23, 2009) - Saputo Inc. (TSX:SAP) announces today that it has agreed to acquire the activities of F&A Dairy of California, Inc. F&A manufactures, sells and distributes, principally mozzarella, provolone and whey products from its facility in Newman, California, where it employs 113 employees. For the year ended December 31, 2008, it produced approximately 60 million pounds of cheese and had sales of about US$140 million.

The acquisition will be paid in cash by drawing on available lines of credit. The transaction is subject to the usual conditions and is expected to close on or about July 20, 2009. This transaction will complement the activities of Saputo Dairy Products Division (USA).

About Saputo

Saputo produces, markets and distributes a wide array of products of the utmost quality, including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo is the 11th largest dairy processor in the world, the largest in Canada, the third largest in Argentina, among the top 3 cheese producers in the United States and the largest snack-cake manufacturer in Canada. Our products are sold in more than 40 countries under well-known brand names such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Danscorella, De Lucia, Dragone, DuVillage 1860, Frigo Cheese Heads, Kingsey, La Paulina, Neilson, Nutrilait, Ricrem, Stella, Treasure Cave, HOP&GO!, Rondeau and Vachon. Saputo is a publicly traded company whose shares are listed on the Toronto Stock Exchange under the symbol SAP.




Similar Politics and Government Publications