Saputo: Morningstar acquisition ‘opened up dairy world’
date:Feb 17, 2013
Lino Saputo, vice-chairman and chief executive officer of Saputo Inc., believes the Montreal-based company got the jewel in the old Dean Foods system when it acquired Morningstar Foods, L.L.C., a subsidiary of Dallas-based Dean Foods, for $1.45 billion in January.

In a Feb. 13 conference call with financial analysts to discuss third-quarter results, Mr. Saputo said the company sees the value in Morningstar Foods coming from two different platforms in the United States.

One, which is a cheese p
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05/17 17:00