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Lactalis has entered a "definitive" agreement to acquire the UK business of Canadian peer Saputo in the French dairy giant's fourth deal in two months.
While the privately-owned company did not reveal the purchase price in a statement today (14 August), Saputo tagged the transaction at around £988m ($1.33bn).
The deal is expected to close by the end of the first quarter next year, subject to regulatory approval, Toronto-listed Saputo added.
Lactalis said in its own announcement that Saputo UK, which generated revenue in its latest financial year of £800m, comes with five production facilities, along with a host of cheese brands such as Cathedral City and Davidstow.
The sites are located in Hawes (Yorkshire), Davidstow (Cornwall), Nuneaton (Warwickshire), Kirkby (Merseyside) and the Isle of Bute (Scotland), employing around 1,300 people, Lactalis said.
#davidstow #around #august #toronto
While the privately-owned company did not reveal the purchase price in a statement today (14 August), Saputo tagged the transaction at around £988m ($1.33bn).
The deal is expected to close by the end of the first quarter next year, subject to regulatory approval, Toronto-listed Saputo added.
Lactalis said in its own announcement that Saputo UK, which generated revenue in its latest financial year of £800m, comes with five production facilities, along with a host of cheese brands such as Cathedral City and Davidstow.
The sites are located in Hawes (Yorkshire), Davidstow (Cornwall), Nuneaton (Warwickshire), Kirkby (Merseyside) and the Isle of Bute (Scotland), employing around 1,300 people, Lactalis said.
#davidstow #around #august #toronto
