The purchase price doesn’t include any debt but does include $104.1 million for inventory costs.
In buying the everday cheese business, Saputo gets access to a number of brands which together generate $156 million a year.
The deal will be processed through Saputo’s Australian subsidiary, Warrnambool Cheese and Butter Factory Co. Holdings Ltd., and is expected to close in early May subject to regulatory and shareholder approval.
Everyday cheese currently employs about 170 people across Australia.
Source: CBC News
In buying the everday cheese business, Saputo gets access to a number of brands which together generate $156 million a year.
The deal will be processed through Saputo’s Australian subsidiary, Warrnambool Cheese and Butter Factory Co. Holdings Ltd., and is expected to close in early May subject to regulatory and shareholder approval.
Everyday cheese currently employs about 170 people across Australia.
Source: CBC News
