Saputo looks to Asian markets with $370M bid for Warrnambool

10/8/2013 | Reuters · Canadian Grocer

Saputo, Canada's largest dairy producer, has entered a $370 million bid to acquire Australia's Warrnambool Cheese and Butter Factory Company Holdings. "We believe Australia has the ideal platform for us getting products into those emerging [Asian] markets," Saputo CEO Lino A. Saputo, Jr., said of the deal, which is expected to close in December.

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Reuters · Canadian Grocer

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