Saputo Inc. expands its dairy portfolio with acquisition of the Carolina Aseptic and Carolina Dairy businesses for approximately USD 118 million. Carolina Aseptic develops, manufactures, packages, and distributes aseptic shelf-stable food products and beverages out of a purpose-built facility in Troy, North Carolina.
- The Carolina Aseptic and Carolina Dairy businesses formerly operated by AmeriQual Group Holdings, LLC.
- Carolina Dairy manufactures, packages, and distributes refrigerated yogurt in spouted pouches in Biscoe, North Carolina.
- The acquisition of these businesses will better position Saputo to capture the growing demand for aseptic protein beverages and nutritional snacks.
The prominent deals and investments by Saputo are mentioned below:
July 2021: Saputo Inc. to strengthen its position in U.K, announced to acquire the activities of Wensleydale Dairy Products Limited. Wensleydale Dairy Products manufactures, blends, markets, and distributes a variety of specialty and regional cheeses.
May 2021: Saputo Inc. announced two strategic acquisitions in each of the dairy alternatives and value-added ingredients segments. The Company is pleased to have completed the acquisition of Bute Island Foods Ltd., an innovative manufacturer, marketer and distributor of a variety of dairy alternative cheese products for both the retail and foodservice market segments under the award-winning vegan Sheese brand, alongside private label brands. The business is located on the Isle of Bute, off the West Coast of Scotland (United Kingdom) and employs approximately 180 people, including its founders.
Oct 2019: Saputo Inc. had acquired the specialty cheese business (the Specialty Cheese Business) of Lion Dairy & Drinks Pty Ltd. The Specialty Cheese Business is conducted at two manufacturing facilities located in Burnie and King Island, Tasmania (Australia) and employs approximately 400 people.
April 2019: Saputo Inc completed the acquisitions of Dairy Crest Group plc (“Dairy Crest”), a United Kingdom-based dairy company. Saputo acquired the entire issued ordinary share capital of Dairy Crest The Purchase Price, payable in cash, was financed through funds drawn on a new bank term loan facility (the “”Credit Facility””).
Montreal-based Saputo is a leading Canadian dairy company. The company produces, markets, and distributes a wide array of dairy products such as cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo has about 61 manufacturing facilities and more than 17,300 employees across our five divisions. It operates business through four sectors: Canada, USA, International and Europe. The companys dairy products and ingredients are sold in over 60 countries