Saputo Chooses To Focus On Cheese

Canada's largest dairy firm Saputo has announced it is to buy US dairy cooperative Alto in a deal worth US$160mn. This move marks the firm's third major foreign acquisition in less than a year; in February 2007 Saputo acquired the Land O'Lakes industrial cheese business on the US West Coast for US$216mn and about a month later it acquired the Dansco Dairy Products operations in the U.K. These moves represent a new strategy of looking outside of Canada for growth after the firm became the leading player in its relatively small

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