16 Apr 2019 --- Saputo Inc. has completed the acquisition of UK-based dairy company Dairy Crest Group plc. Saputo has acquired the entire issued ordinary share capital of Dairy Crest for £6.20 (US$8.13) per ordinary share, valuing Dairy Crest's share capital at approximately £975 million (US$1.3 billion). The deal underscores the Canadian dairy giant’s first move into the British market and comes at a time of increasing challenges in the dairy industry. Earlier this year, this dynamic saw US dairy giant, Dean Foods Company reveal that it is exploring a number of options, including a potential sale, as part of a strategic review to accelerate its business transformation.
