142037
138094


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

138100
142275
137176
Data from CryptoCompare
Recent Trending
Soft 103.9
142175
Castanet Proud Member of RTNDA Canada
142176
Press Room
140006
140656