Saputo Inc., Canada, announced plans to acquire the specialty cheese business of Lion-Dairy & Drinks Pty Ltd., which is conducted at two manufacturing facilities in Burnie and King Island, Tasmania (Australia) and employs approximately 400 people.

The specialty cheese business produces, markets and distributes a variety of specialty cheeses under a wide portfolio of Australian brands, including South Cape, Tasmanian Heritage, Mersey Valley and King Island Dairy.

This acquisition will enable Saputo’s dairy division in Australia to further diversify its product offering, adding to and complementing current activities.