Saputo Inc. announces today that it has acquired the companies forming Woolwich Dairy.
The purchase price of $80 million, on a debt-free-basis, was paid in cash at closing.
Woolwich generates annual revenues of approximately $70 million. It produces, distributes, markets and sells goat cheese in Canada and the USA. Woolwich operations are comprised of three manufacturing facilities (in Québec and in Ontario, Canada; and in Wisconsin, USA), as well as a distribution centre (in Ontario, Canada). Woolwich is a leading manufacturer of branded and private label goat cheese for the North American market. Its brands include
Woolwich Dairy, Chevrai and Wholesome Goat. The business employs approximately 190 people.
The transaction enables Saputo to increase its presence in the specialty cheese category in North America.
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