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Saputo to purchase Wisconsin-based cheesemaker

Quebec-based company expands its footprint with U.S.

Saputo is at it again. The Quebec-based company has entered into an agreement to purchase Betin -- the U.S. cheesemaker behind Montchevre brand of goat cheese. Financial terms were not disclosed.

This marks Saputo's second acquisition in the past week. The company announced Oct. 27 it had acquired Australia's Murray Goulburn Co-Operative Co. for $1.29 billion.

The Betin deal is meant to broaden Saputo's presence in specialty cheese in the United States, the company said in a press release. Betin has one manufacturing facility in Belmont, Wis. and employs 320 people. According to Saputo, Montchevre had revenue of approximately $150 million for the 12 months ended June 30. .

The deal, which is subject to regulatory approval, is expected to close by the end of 2017.



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