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Announced

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

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Cross Border

Food Products

Private

Single Bidder

United Kingdom

dairy powders

United States

dairy products

Acquisition

Pending

Synopsis

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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.

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