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Saputo Completes the Acquisition of the Fluid Milk Activities of Scotsburn Co-Operative
date:Apr 16, 2014
Saputo Inc. has completed the transaction announced on January 17, 2014 and acquired the fluid milk activities of Scotsburn Co-Operative Services Limited based in Atlantic Canada. Scotsburn is a Nova Scotia cooperative that will continue its other activities such as its frozen ice cream and frozen novelties business.

The purchase price of $61 million, on a debt-free basis excludes about 8M$ of working capital items and was paid by drawing on available credit lines.

The Scotsburn Fluid Milk Bus

12/24 12:58