Montreal, Canada-based Saputo Inc is purchasing Dansco Dairy Products Ltd for $12 million in cash. Producing mostly mozzarella cheese for the foodservice sector, Dansco has about 130 employees at its plant in Newcastle Emlyn, Wales. The company's revenue in the past year was about $80 million.
“This acquisition complements Saputo's current activities in the European market and is in line with its objective of growing its global presence,” the company said in a release.
Saputo has 8,600 workers in 47 plants worldwide. Its dairy brands include Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, De Lucia, Dragone, Stella, and Vachon.