Saputo Pays C$12 Million for Welsh Cheese Maker

Canadian dairy firm Saputo has acquired Dansco Dairy Products, a UK manufacturer producing mainly mozzarella for the food service market segment. The purchase price of C$12 million was paid in cash, on a debt-free basis.

Dansco employs approximately 130 people at its manufacturing facility located in Newcastle Emlyn, Wales. Dansco’s revenues in its last fiscal year were approximately C$80 million.

Saputo said the acquisition complements the company’s current activities in the European market and is in line with its objective of growing its global presence.

Saputo currently manufactures products under brands such as Armstrong, Baxter, Dairyland, De Lucia, Dragone, DuVillage de Warwick and Big Daddy.