Alto Dairy May be Purchased by Saputo, Inc.

Posted by Brian Gould Tue, 29 Jan 2008 19:38:00 GMT

Alto Dairy announced today that it has entered into an agreement to sell its assets to Saputo Cheese USA Inc. for total consideration of $160 million. The transaction, which has been unanimously approved by Alto’s Board of Directors, is subject to the approval of the members of the Cooperative. A special meeting of the members will be held in Fond du Lac, Wisconsin on Wednesday, February 27, 2008. Click here for the full news release. For a more complete article, click here.