Saputo acquires Neilson Dairy
October 22, 2008
by FoodBusinessNews.net Staff
MONTREAL — Saputo, Inc. is acquiring the activities of Neilson Dairy, a division of Weston Foods that manufactures, sells and distributes dairy products.
The acquisition is for $465 million and is expected to close around Nov. 24. Neilson has annual sales of about $600 million and will give Saputo Dairy Products Division an increased presence in the Ontario fluid milk and cream market.