M&A Deal Summary

Saputo Acquires F&A Dairy Products

On October 26, 2018, Saputo acquired food company F&A Dairy Products for 85M USD

Acquisition Highlights
  • This is Saputo’s 16th transaction in the Food sector.
  • This is Saputo’s 7th largest (disclosed) transaction.
  • This is Saputo’s 7th transaction in the United States.
  • This is Saputo’s 1st transaction in New Mexico.

M&A Deal Summary

Date 2018-10-26
Target F&A Dairy Products
Sector Food
Buyer(s) Saputo
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

F&A Dairy Products

Las Cruces, New Mexico, United States
F&A Dairy Products, Inc. is a manufacturer of natural cheeses, including mozzarella and provolone, which are distributed in the United States and Mexico.

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Buyer(S) 1

Buyer

Saputo

Montreal, Quebec, Canada

Category Company
Founded 1954
Sector Food
Employees19,200
Revenue 17.8B CAD (2023)
DESCRIPTION

Saputo is a producer, marketer and distributor of a wide array of products including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo was incorporated in 1954 and is based in Montreal, Canada.


DEAL STATS #
Overall 16 of 17
Sector (Food) 16 of 17
Type (Add-on Acquisition) 13 of 14
State (New Mexico) 1 of 1
Country (United States) 7 of 7
Year (2018) 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Montchevre

Rolling Hills Estates, California, United States

Montchevre manufactures, markets and distributes goat cheese in the United States, mainly under the Montchevre brand. Its activities are conducted at one manufacturing facility located in Belmont, Wisconsin (USA). The business employs approximately 319 people.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Dairy Crest Group

Esher, United Kingdom

Dairy Crest Group plc, a dairy food company, processes and sells fresh milk and branded dairy products in the United Kingdom and internationally. It offers various cheese products, including cheddar cheese under the Cathedral City, Davidstow, and Chedds brands; and butter and spreads under the Country Life, Clover, Utterly Butterly, Vitalite, and Willow brands.

Buy £975M