Food In Canada

Saputo acquires milk operations in Atlantic Canada

Dairy giant buys fluid milk activities of Scotsburn Co-op

January 17, 2014   Food in Canada


Montreal, Que. – Milk and dairy producer Saputo Inc. is acquiring the fluid milk activities of Scotsburn, N.S.-based Scotsburn Co-operative Services Ltd. for $61 million.

 

The move will allow Saputo to increase its presence in Atlantic Canada.

 

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Scotsburn has fluid milk processing facilities in Sydney, N.S., and Mount Pearl, Nfld. Annual sales from the company’s fluid milk business are approximately $160 million. Its operations include manufacturing and distributing products including fluid milk, cream, sour cream, ice cream mix and cottage cheese, mostly under the Scotsburn name.

 

The co-op will continue producing other products such as frozen ice cream and frozen novelties.

 

The acquisition is subject to approval by Scotsburn co-op members, and is expected to close by March 2014.


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