Saputo Completes the Sale of 2 Fresh Milk Processing Facilities in Australia
Saputo Inc. (we, Saputo or the Company) announces it has completed the previously announced sale of two fresh milk processing facilities located in Laverton North, Victoria, and Erskine Park, New South Wales, to Coles Group Limited, an Australian-based supermarket, retail, and consumer services chain, in a transaction valued at approximately CDN$95 million (A$105 million). The completion of this transaction is part of the Company’s overall network optimization strategy, one of the pillars of its Global Strategic Plan. …