Saputo acquires the Carolina Aseptic and Carolina Dairy businesses
The company said the acquisition of these businesses will better position the company for capturing the growing demand for aseptic protein beverages and nutritional snacks.
Saputo Inc., Montreal, said it completed the acquisition of the Carolina Aseptic and Carolina Dairy businesses formerly operated by AmeriQual Group Holdings LLC. These businesses, which join Saputo’s Dairy Division (USA) under its USA Sector, are conducted at two facilities in North Carolina and employ approximately 230 people.
The purchase price of US$118 million (approximately CDN$149 million), on a cash-free and debt-free basis, was paid in cash at closing, Saputo said.