Montreal – Saputo Inc. has added to its Australian stable of dairy companies.
The Canadian dairy manufacturer’s Australian subsidiary – Warrnambool Cheese and Butter Factory Company Holdings Limited – has acquired the Everyday Cheese Business of Lion-Dairy & Drinks Pty Ltd., which is based in Victoria, Australia.
The purchase price of the acquisition is Cdn$134.4 million.
Everyday Cheese Business’ operations include cutting, wrapping, distribution, sales and marketing, and intellectual property associated with the COON, Cracker Barrel, Mil Lel and Fred Walker brands.
The company has annual sales of approximately Cdn$156 million and employs about 170 people. The cut and wrap operations are located in a building owned by Warrnambool Cheese and Butter Factory, which is adjacent to Warrnambool’s cheese manufacturing facility at Allansford.