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).

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 the best of five bids for Stella Foods, according to an official from Specialty

Register to view the full article