SAPUTO GROUP SWALLOWS UP STELLA FOODS IN ACQUISITION

MONTREAL (FNS) -- Local mozzarella cheese manufacturer Saputo Group here has swallowed Stella Foods of Lincolnshire, Ill., the second-largest mozzarella cheese maker in the United States, in a deal worth $563 million Canadian (U.S. $405.3 million). ut 15% of Saputo's annual sales of $461 million (U.S. $331.9 million) came from the United States, from its plants in Maryland and Vermont.Saputo's was

MONTREAL (FNS) -- Local mozzarella cheese manufacturer Saputo Group here has swallowed Stella Foods of Lincolnshire, Ill., the second-largest mozzarella cheese maker in the United States, in a deal worth $563 million Canadian (U.S. $405.3 million).

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