HomeFoodSaputo adds to US dairy division with acquisition | 2021-09-02

Saputo adds to US dairy division with acquisition | 2021-09-02

MONTREAL — Saputo Inc. on Sept. 1 introduced it has acquired the Carolina Aseptic and Carolina Dairy companies previously operated by AmeriQual Group Holdings, LLC, for $118 million. The companies, which be part of Saputo’s Dairy Division (USA), function out of two amenities in North Carolina and make use of a complete of roughly 230 individuals.

Carolina Aseptic develops, manufactures, packages and distributes aseptic shelf-stable meals merchandise and drinks out of a purpose-built facility in Troy, NC.

Carolina Dairy manufactures, packages, and distributes refrigerated yogurt in spouted pouches in Biscoe, NC.

Saputo mentioned the acquisitions will higher place the corporate to seize the rising demand for aseptic protein drinks and dietary snacks.

“Complementing the organic growth initiatives outlined in our Global Strategic Plan (FY22-FY25), this investment aims to reinforce the strength of Saputo’s core business by increasing our capacity to manufacture and distribute products in the rapidly growing aseptic beverage and food categories, as well as the nutritional snacks space,” mentioned Lino A. Saputo, chairman and chief govt officer of Saputo, Inc.

Saputo produces, markets and distributes a wide selection of dairy merchandise, together with cheese, fluid milk, prolonged shelf-life milk and cream merchandise, cultured merchandise, and dairy substances. In the United States, Saputo ranks among the many high three cheese producers and is without doubt one of the largest producers of prolonged shelf-life and cultured dairy merchandise.

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