Saputo Inc. to acquire Distributions Kingsey Inc.
To acquire manufacturing, marketing and distribution activities for pressed cheddar and cheddar cheese curd, Swiss-type cheese and other specialty cheeses sold under the brand names Kingsey, Princesse, Sir Laurier d’Arthabaska and Du Village de Warwick.
21/03/05 Canadian based Saputo Inc. has announced that it has entered into an agreement to acquire from Fromage Côté S.A. and Distributions Kingsey Inc. the manufacturing, marketing and distribution activities for their pressed cheddar and cheddar cheese curd, Swiss-type cheese and other specialty cheeses sold under the brand names Kingsey, Princesse, Sir Laurier d’Arthabaska and Du Village de Warwick.
The purchase price is CDN $54 million on a debt-free basis, payable in cash. The closing of the transaction is subject to the usual conditions, including approval by the Competition Bureau, and is anticipated for early April 2005.
