date:Jan 04, 2013
Canadian dairy company Saputo has acquired Dean Foods subsidiary Morningstar Foods for $1.45bn.
Morningstar produces a variety of dairy and non-dairy extended shelf-life products, including aerosol whipped toppings, iced coffee and value-added milks.
The acquisition is expected to help Saputo gain advantage from Morningstar's national manufacturing and distribution footprint and optimize coast-to-coast service.
It complements the operations of the Saputo Dairy Products Division and will also