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Saputo acquires Ontario dairy company

22-Oct-2008

Related topics: Financial

Canadian dairy company Saputo has acquired Neilson Dairy; formerly a division of Weston Foods Canada.

Neilson manufactures, sells and distributes liquid milk and dairy beverages, cream products and non dairy creamers, butter, yogurt, juices and drinks mainly in the state of Ontario.

Neilson Dairy, purchased for $465m (€369m), employs about 390 people at its two facilities located in Halton Hills and Ottawa, Ontario. The company generates annual sales of around $600m (€476.7m) and annual earnings before interest, income taxes, depreciation and amortization is about $50m (€39.7m).