News
Saputo completes Alto acquisition
Canada’s Saputo has completed the acquisition of US Alto Dairy Cooperative for $160m.
*Canada’s Saputo has completed the acquisition of US Alto Dairy Cooperative for $160 million. *
Alto produces Italian-style mozzarella and provolone cheeses along with American-style cheeses such as Cheddar, Monterey Jack, Muenster, Fontina and Gouda. It also produces whey products, marketed nationwide under a variety of brand names and private labels.
Alto employs around 467 employees in its two plants located in Wisconsin. In 2007, the cooperative had sales of $378 million.
This acquisition will enable Saputo Cheese Division (USA) to expand its business, and represents a major step in the Canadian company’s goal to achieve a stronger presence in the US.
See also
Latest news
Dairy Innovation
Dairy Innovation is the only international magazine to focus on new product launches in all market segments around the globe, and reflects the increasing influence of health, ethics and the environment on consumer trends.
| |