56750
52385
56468
S&P/TSX
16422.04
+105.51
(0.65%)
S&P-CDNX
750.52
-0.77
(-0.10%)
S&P-500
2773.37
+10.78
(0.39%)
NASDAQ
7797.50
+71.92
(0.93%)
Dow
24704.95
+4.74
(0.02%)
Dollar
0.7518
-0.0010
(-0.1361%)
Oil
65.58
+0.68
(+1.05%)
Gold
1274.70
-3.90
(-0.31%)
Silver
16.315
-0.008
(-0.05%)


Saputo to buy Ontario dairy

Saputo Inc. says it plans to purchase an Ontario dairy company for $100 million.

Shepherd Gourmet Dairy employs about 90 people at its lone facility in St. Marys, Ont.

Montreal-based Saputo says the purchase price will be paid in cash and available credit.

Shepherd Gourmet makes a variety of specialty cheeses, yogurt, as well as Skyr Icelandic-style yogurt in Canada.

The company logged revenues of about $57 million in the year ending April 30.

The transaction is subject to customary conditions and is expected to close in June.



More Business News

52356
Data from CryptoCompare
Recent Trending
50852
Okanagan Oldies
55195
Castanet Proud Member of RTNDA Canada
Press Room
52157
57126