Saputo completes Morningstar acquisition

by Staff
Share This:

MONTREAL — Saputo Inc. has completed its acquisition of Morningstar Foods, L.L.C., a subsidiary of Dallas-based Dean Foods Co., for $1.45 billion.

The combined business will have about 12,000 employees, 57 manufacturing facilities in five countries and combined annual revenue of about $8.7 billion. The company said the acquisition complements the activities of the Saputo Dairy Products Division, and Saputo will benefit from Morningstar’s national manufacturing and distribution footprint and will optimize coast-to-coast service. It also expands product offerings to customers in the United States and broadens the range of Saputo’s future acquisition opportunities.

Morningstar produces dairy and non-dairy extended shelf-life products as well as cultured products.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.