F&A Dairy Products: Saputo Completes the Acquisition of the Activities of F&A Dairy Products in the United States

MONTREAL, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Saputo Inc. ("Saputo" or "the Company") (TSX:SAP) completed today the transaction announced on October 26, 2018 and acquired the activities of F&A Dairy Products, Inc. ("F&A Dairy Products"). Its activities are conducted at two manufacturing facilities located in Las Cruces, New Mexico, and Dresser, Wisconsin (USA). The business employs approximately 170 people.The purchase price of US$85 million (approximately CDN$113 million), on a cash-free and debt-free basis, was paid in cash from cash on hand and available credit facilities.F&A Dairy Products manufactures a variety of natural cheeses, including mozzarella ...Full story available on Benzinga.com