Saputo to acquire Wisconsin Specialty Protein's Reedsburg facility and Bute Island Foods for $155m.

Saputo, a Montreal-based Canadian dairy company, agreed to acquire the Reedsburg facility, a manufacturer of value-added ingredients such as goat whey, organic lactose and other dairy powders, from Wisconsin Specialty Protein, a manufacturer of specialty whey protein products, and completed the acquisition of Bute Island Foods, a manufacturer and supplier of dairy, lactose and gluten free vegan cheese products, for $155m. “We are delighted to welcome the Bute Island Foods team and the wealth of knowledge they bring to our global family. Our commitment remains to expand our footprint in the dairy alternatives space to meet the changing demands of our customers and consumers. This investment marks an important milestone that will allow us to accelerate our growth in this area globally, putting innovation at the forefront of our priorities,” Lino A. Saputo, Saputo Chair of the Board and CEO.