Saputo to acquire Shepherd Gourmet Dairy

In a transaction made to allow Saputo’s Canadian dairy division to widen its portfolio to include sheep-based dairy, negotiations have begun to acquire the Shepherd Gourmet Dairy for C$100 million.

Shepherd Gourmet manufactures, markets and distributes a variety of speciality, sheep-milk based dairy products. Its portfolio feature the popular Icelandic style yogurt brand,“Skyr” and a goat-and-cow milk blend of feta.

The purchase will be made on a debt-free basis and will be paid in cash from cash on hand and available credit facilities.