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Saputo Inc acquires the Fluid Milk activities of Scotsburn Co-Operative Services Limited

Friday, 17 Jan 2014 01:29pm EST 

Saputo Inc:Says it has entered into an agreement to acquire the fluid milk activities of Scotsburn Co-Operative Services Limited based in Atlantic Canada (Scotsburn Fluid Milk Business).Says Scotsburn is a Nova Scotia cooperative will continue its other activities such as its frozen ice cream and frozen novelties business.Says the purchase price of $61 mln, on a debt-free basis excludes about 8M$ of working capital items and is payable in cash by drawing on available credit lines. 

Company Quote

-0.51 -1.49%
29 May 2015