Saputo completes acquisition of Neilson Dairy

Dec. 3, 2008, MONTREAL – Saputo Inc. on Monday completed the acquisition of the activities of Neilson Dairy, a division of Weston Foods that manufactures, sells and distributes, primarily in Ontario, fluid milk and dairy beverages, cream products and non dairy creamers, butter, yogurt, juices and drinks under the Neilson brand and other brands.

Dec. 3, 2008, MONTREAL – Saputo Inc. on Monday completed
the acquisition of the activities of Neilson Dairy, a division of
Weston Foods that manufactures, sells and distributes, primarily in
Ontario, fluid milk and dairy beverages, cream products and non dairy
creamers, butter, yogurt, juices and drinks under the Neilson brand and
other brands. The $465 million transaction was first announced on Oct.
22.

Neilson Dairy employs approximately 390
people at its two facilities located in Halton Hills and Ottawa, Ont.
The division has annual sales of approximately $600 million and annual
earnings before interest, income taxes, depreciation and amortization
of approximately $50 million. | FULL STORY