Saputo, a Montreal-based Canadian dairy company, completed its acquisition of Dairy Crest Group, a British dairy products company, for C$1.7bn. "Dairy Crest is an attractive platform for Saputo and fits well within our growth strategy. We believe that under Saputo ownership, Dairy Crest will be able to accelerate its long-term growth and business development potential and provide benefits to Dairy Crest's employees and stakeholders. This recommended offer represents a compelling opportunity for Dairy Crest Shareholders, providing immediate value certainty," Lino A. Saputo, Jr., Saputo Chairman and CEO.