MONTREAL, June 19, 2018 (GLOBE NEWSWIRE) -- Saputo Inc. (“Saputo” or the “Company”) (TSX:SAP) completed today
the transaction announced on May 23, 2018 and acquired the activities of Shepherd Gourmet Dairy (Ontario) Inc.
(“Shepherd Gourmet”) for a purchase price of CDN$100 million, on a debt-free-basis. Shepherd Gourmet has one manufacturing
facility located in St. Marys, Ontario (Canada) and employs approximately 90 people.
Shepherd Gourmet manufactures, markets and distributes a variety of specialty cheeses, yogurt, as well as Skyr
Icelandic-style yogurt in Canada. For the twelve-month period ended on April 30, 2018, Shepherd Gourmet generated revenues of
approximately CDN$57 million.
The transaction will enable the Company’s Dairy Division (Canada) to increase its presence in specialty cheese
and expand its yogurt offering in Canada.
About Saputo
Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including
cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Saputo is one of the top
ten dairy processors in the world, the largest cheese manufacturer and the leading fluid milk and cream processor in Canada, the
top dairy processor in Australia and the second largest in Argentina. In the USA, Saputo ranks among the top three cheese producers
and is one of the largest producers of extended shelf-life and cultured dairy products. Our products are sold in several countries
under well-known brand names such as Saputo, Alexis de Portneuf, Armstrong, COON, Cracker Barrel*, Dairyland, DairyStar,
Devondale, Friendship Dairies, Frigo Cheese Heads, La Paulina, Milk2Go/Lait’s Go, Montchevre, Murray Goulburn
Ingredients, Neilson, Nutrilait, Scotsburn*, Stella, Sungold, Treasure Cave and Woolwich Dairy. Saputo Inc. is a
publicly traded company and its shares are listed on the Toronto Stock Exchange under the symbol “SAP”.
*Trademark used under licence.
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