Saputo Inc. announces today that it has entered into an agreement to acquire the extended shelf-life (“ESL”) dairy product activities of Southeast Milk, Inc.
The ESL processing activities are conducted at one manufacturing facility located in Plant City, Florida (USA). The business employs approximately 66 people.
For the twelve-month period that ended on June 30, 2017, the ESL activities of SMI generated annual revenues of approximately CDN$59 million (US$47 million).
The acquisition of SMI’s ESL activities will add to and complement the activities of Saputo’s Dairy Foods Division (USA).
The transaction is subject to customary conditions and is expected to close on or around September 29, 2017.
Source: Saputo
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.