M&A Deal Summary

Saputo Acquires Southeast Milk - Extended Shelf-Life Business

On August 31, 2017, Saputo acquired food company Southeast Milk - Extended Shelf-Life Business from Southeast Milk

Acquisition Highlights
  • This is Saputo’s 13th transaction in the Food sector.
  • This is Saputo’s 5th transaction in the United States.
  • This is Saputo’s 1st transaction in Florida.

M&A Deal Summary

Date 2017-08-31
Target Southeast Milk - Extended Shelf-Life Business
Sector Food
Buyer(s) Saputo
Sellers(s) Southeast Milk
Deal Type Divestiture

Target

Southeast Milk - Extended Shelf-Life Business

Plant City, Florida, United States
Southeast Milk, Inc. - Extended Shelf-Life Business engages in dairy product activities & processing activities are conducted at one manufacturing facility located in Plant City, Florida (USA). The business employs approximately 66 people.

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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 13 of 17
Sector (Food) 13 of 17
Type (Divestiture) 3 of 3
State (Florida) 1 of 1
Country (United States) 5 of 7
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Woolwich Dairy

Orangeville, Ontario, Canada

Woolwich Dairy produces, distributes, markets and sells goat cheese in Canada and the USA. Woolwich operations are comprised of three manufacturing facilities (in Québec and in Ontario, Canada; and in Wisconsin, USA), as well as a distribution centre (in Ontario, Canada). Woolwich is a leading manufacturer of branded and private label goat cheese for the North American market. Its brands include Woolwich Dairy, Chevrai and Wholesome Goat.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Murray Goulburn Co-Operative

Southbank, Australia

Murray Goulburn Co-Operative Co. Ltd. produces a full range of high-quality dairy foods, including drinking milk, milk powder, cheese, butter and dairy beverages, as well as a range of ingredient and nutritional products, such as infant formula. MG supplies the retail and foodservice industries globally with its flagship Devondale, Liddells and Murray Goulburn Ingredients brands. Murray Goulburn has approximately 2,300 employees and operates eleven manufacturing facilities across Australia and China.

Buy CA$1.3B

Seller(S) 1

SELLER

Southeast Milk

Belleview, Florida, United States

Category Company
Founded 1956
Sector Food
DESCRIPTION

Southeast Milk, Inc. is a provider of quality dairy products and premium levels of service to customers and members while continuing to seek efficiency and effectiveness of operations.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1