Saputo Inc has entered into an agreement to acquire Land O’Lakes Inc’s Cheese & Protein International business for $216 million in cash. Land O’Lakes Inc’s Cheese & Protein International business employs approximately 530 people and manufactures, sells, shreds and blends mostly mozzarella and provolone products. In 2006, the business generated $415 million in sales and approximately $20 million of EBITDA. The transaction is expected to close on or about April 2, 2007.