â–º Listen Live
â–º Listen Live
HomeStratford NewsCanadian dairy giant to purchase St.Mary's company

Canadian dairy giant to purchase St.Mary’s company

A Canadian dairy giant is expanding it’s operations in Ontario by purchasing a St.Marys company.

Saputo has announced it has agreed to purchase Shepherd Gourmet Dairy for $100 million.

The Montreal based company says the purchase price will be paid in cash and available credit.

Shepherd Gourmet Dairy makes a variety of specialty cheeses, yogurt and other products and employs 90 people.

- Advertisement -

In the last fiscal year, the dairy logged revenues of about $57 million.

The sale is expected to be finalized in June.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading