Canadian cheese maker Saputo Inc. will acquire the parent company of DCI Cheese Co Inc, one of the largest U.S. specialty cheese marketers, for $270.5 million to expand its presence in the lucrative market.
DCI’s product portfolio includes more than 100 types of specialty cheeses. It sells products under brand names such as County Line, Great Midwest, Joan of Arc and King’s Choice.
DCI, which employs about 475 people, recorded sales of $460 million in 2010.
The deal is expected to close in March.
Fairmount Cheese Holdings Inc is DCI’s parent.
Source: Reuters
Reporting by S. John Tilak, editing by Gerald E. McCormick