Saputo finalizes purchase of Wisconsin cheese facility
December 13, 2017 by The Canadian Press
Dec. 13, 2017 – Saputo Inc. says it has completed a transaction announced on Nov. 1 to acquire Betin, doing business as Montchevre.
Its activities are conducted at one manufacturing site in Belmont, Wis., which employs about 319 people.
The Montreal-based dairy products producer says it paid about $340 million.
Montchevre manufactures, markets and distributes goat cheese in the United States, mainly under the Montchevre brand.
For the year ending June 30, 2017, Montchevre generated revenues of approximately $150 million.
Saputo had announced on Nov. 9 that it will shut down a cheese facility in Fond du Lac, Wis., next May, affecting about 126 workers.
The company said the closure will improve its operating efficiency by integrating production into a new blue cheese plant near Minneapolis.