Saputo Acquires German Cheese Manufacturer

Chuck ZimmermanAgribusiness, Cheese, International

SaputoCanadian dairy processor Saputo just got bigger. They claim to be the biggest dairy processor in Canada.

Saputo Inc. has completed the transaction announced on March 29, 2006 for the acquisition of the activities of Spezialitäten-Käserei De Lucia GmbH, a German cheese manufacturer producing Italian cheese specialties such as mozzarella, ricotta and mascarpone.

Spezialitäten-Käserei De Lucia GmbH employs approximately 60 people at its manufacturing facility located in Heiden, Germany. The company’s revenues in its last fiscal year were approximately Euro 20 million. These assets will complement Saputo’s current activities in Canada, the United States and Argentina.