Saputo Acquires Lion-Dairy’s Everyday Cheese Business
Canada-based Saputo Inc. and its Australian subsidiary, Warrnambool Cheese and Butter Factory Co. Holdings Ltd. (WCB), entered into an agreement to acquire the everyday cheese (EDC) business of Lion-Dairy & Drinks Pty Ltd., based in Victoria, Australia.
The transaction is subject to usual conditions and is expected to close toward the beginning of May 2015.