Following a mutually agreed upon decision and the successful completion of the transaction, Mr. Mark Allen is stepping down as Chief Executive of Dairy Crest. As such, Mr. Tom Atherton, Dairy Crest Deputy Chief Executive and Group Finance Director, is appointed President and Chief Operating Officer of Saputo’s Dairy Division (UK). This appointment, effective immediately, follows the succession plans set forth by the Division. …
Saputo Inc. announces today that it has entered into an agreement to acquire the specialty cheese business (the “Specialty Cheese Business”) of Lion-Dairy & Drinks Pty Ltd. The Specialty Cheese Business is conducted at two manufacturing facilities located in Burnie and King Island, Tasmania (Australia) and employs approximately 400 people. …
Dean Foods stock was shooting higher Monday morning on rumors that Canada’s Saputo may be looking to buy the organic-foods maker. …
Saputo will officially set foot in Europe as of April 15, after its $1.7-billion offer for Dairy Crest Group was accepted by the United Kingdom-based company’s shareholders. …
Saputo Inc. announces that it has reached an agreement with Dairy Crest Group plc on the terms of a cash acquisition by which Saputo will acquire the entire issued and to be issued ordinary share capital of Dairy Crest for £6.20 per ordinary share, valuing Dairy Crest’s existing issued and to be issued ordinary share capital at approximately £975 million (approximately CDN $1.7 billion). …
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